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<DIV style="FONT-SIZE: 11pt; FONT-FAMILY: Calibri,sans-serif">So the land on the hill basically screws us it sounds like. <BR><BR>Sent from my Windows Phone</DIV>
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<SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">From: </SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">Susan Robinson</SPAN><BR><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">Sent: </SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">Friday, July 01, 2011 10:49 AM</SPAN><BR><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">To: </SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">marshamoreno@armory.com</SPAN><BR><SPAN style="FONT-WEIGHT: bold; FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">Subject: </SPAN><SPAN style="FONT-SIZE: 10pt; FONT-FAMILY: Tahoma,sans-serif">[Marshamoreno] Fwd: insolvency</SPAN><BR><BR></BODY></HTML><br />
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> Basically, you just total up all of her assets (current fair market <br />
> value ) including home, cars, 401k, IRAs, land, etc then subtract the <br />
> amount she is in debt (including mortages, credit cards, etc) at the <br />
> time the debt is forgiven (so before it was settled). If the amount of <br />
> debt is larger than the amount of assets, then she is insovent.<br />
> <br />
> Make sense?<br />
> Susan<br />
> <br />
> -------- Original Message --------<br />
> Subject:         [Marshamoreno] insolvency<br />
> Date:         Fri, 1 Jul 2011 10:40:44 -0700<br />
> From:         Richard Robinson <chigorin@gmail.com><br />
> To:         marshamoreno@armory.com<br />
> <br />
> <br />
> <br />
> hi --<br />
> <br />
> Jason wants to know what it takes to establish insolvency. Do you have <br />
> the official requirements/process/definition for that? Or pointers to it?<br />
> <br />
> Jason just dissolved $20k of Marsha's debt. There is more to Marsha's debt.<br />
> <br />
> Richard<br />
> <br />