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Know When to Hold Them, Know When to Fold Them: Determining Whether the Equipment is Worth the Cost of Litigation

By Edward Castagna and Susan G. Rosenthal
March 31, 2004

Is the equipment really worth the cost of litigation? Before advising clients to pursue problem accounts legally, it pays to determine the true market value of the equipment in question.

This article discusses asset valuation, recovery, resale and legal strategies that attorneys should know before filing in court. It concludes with a recent case study that illustrates how careful attention to the “commercially reasonable sale” can determine if a deficiency balance defense will be successful.

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