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Latest Update
July 16, 2009 

William H Black, CPA, PC   
7040 Hunters Knoll   
Sandy Springs, Georgia 30328   
telephone 770.698.8020   
fax 770.399.6731   


Judge praises analytical work


Judge praises analytical work

Solvency analysis pleases trustee and bankruptcy judge

May 25, 2005 -- In late 2004, Bill Black teamed up with Jim Hart of the Lightfoot Group ( to assist a bankruptcy trustee in confirming that the debtor was insolvent long before the company filed for bankruptcy. Among the issues in the case was determining the starting point when the trustee could reclaim preferential transfers for the estate. Hart and Black plowed through the accounting records and financial documents of the debtor, and conclusively demonstrated that the subject company displayed a clear pattern of deteriorating margins, dubious intercompany transactions, and repetitive borrowing far in excess of the company's repayment capabilities. The trustee was able to use the team's findings to negotiate favorable settlements with a number of significant creditors and enhance the value of the estate.

When the forensic accounting bill was presented to the court for approval earlier this year, Judge Margaret Murphy reviewed the file. At the confirmation hearing, Judge Murphy stated "This was an exceptional use of the resources of the estate." The trustee was also favorably impressed with the quality of the work and the cost-efficiency of the forensic accounting team.

 For More Information Contact:

Bill Black
 William H. Black, PC
 Tel: 770.698.8020
 FAX: 770.399.6731


Jim Hart
 Lightfoot Group, LLC
 Tel: 678.320.0079
 FAX: 678.320.0119

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