PT - JOURNAL ARTICLE AU - William K. Lenhart AU - Jack F. Williams TI - You Are Now Entering the Insolvency Zone DP - 2004 Mar 20 TA - Turnaround Management PG - 77--80 VI - 2004 IP - 1 4099 - http://guides.pm-research.com/content/2004/1/77.short 4100 - http://guides.pm-research.com/content/2004/1/77.full AB - Although the phrase carries with it an expansion of fiduciary duties, a reallocation of risk, and re-shuffling of the various parties-in-interest, many of us are hard pressed to provide a concise and meaningful definition of “the Zone of Insolvency.” The determination and analysis involves mixed questions of fact, expert testimony, and law. The Zone of Insolvency is one of those tests that borrows from financial analysis and law. This article discusses the meaning and forms of insolvency under various sections of the Bankruptcy Code, state fraudulent transfer laws, and Officer and Director liability actions, which provide a framework to determine what exactly is “the Zone of Insolvency.”