<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN">
<html>
<head>
<meta http-equiv="content-type" content="text/html; charset=ISO-8859-1">
</head>
<body text="#000000" bgcolor="#ffffff">
Basically, you just total up all of her assets (current fair market
value ) including home, cars, 401k, IRAs, land, etc then subtract the
amount she is in debt (including mortages, credit cards, etc) at the
time the debt is forgiven (so before it was settled). If the amount of
debt is larger than the amount of assets, then she is insovent.<br>
<br>
Make sense? <br>
Susan<br>
<br>
-------- Original Message --------
<table class="moz-email-headers-table" border="0" cellpadding="0"
cellspacing="0">
<tbody>
<tr>
<th nowrap="nowrap" valign="BASELINE" align="RIGHT">Subject: </th>
<td>[Marshamoreno] insolvency</td>
</tr>
<tr>
<th nowrap="nowrap" valign="BASELINE" align="RIGHT">Date: </th>
<td>Fri, 1 Jul 2011 10:40:44 -0700</td>
</tr>
<tr>
<th nowrap="nowrap" valign="BASELINE" align="RIGHT">From: </th>
<td>Richard Robinson <a class="moz-txt-link-rfc2396E" href="mailto:chigorin@gmail.com"><chigorin@gmail.com></a></td>
</tr>
<tr>
<th nowrap="nowrap" valign="BASELINE" align="RIGHT">To: </th>
<td><a class="moz-txt-link-abbreviated" href="mailto:marshamoreno@armory.com">marshamoreno@armory.com</a></td>
</tr>
</tbody>
</table>
<br>
<br>
hi --<br>
<br>
Jason wants to know what it takes to establish insolvency. Do you have
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>
</body>
</html>