The defendants in a fraudulent conveyance action brought by the trustee of a bankrupt hospital retained CRA to prepare solvency analysis. The trustee attempted to recover loans that were made before the hospital entered bankruptcy, but both the bankruptcy court and district court ruled the hospital was solvent. CRA’s expert ultimately demonstrated that the hospital was solvent, and The Seventh Circuit Court reversed the bankruptcy and district court decisions.
How financial services firms can navigate political uncertainty
Much dialogue around Brexit’s impact on the City of London centered on what papers and politicians dubbed the ‘bonfire of rules’ – a phrase designed to capture...