Monthly Archives: May 2015

This is Memorial Day and besides all of the expected ways it is celebrated I figured some memorable thoughts of our founding fathers might be appropriate to reflect upon: In 1798 Jefferson wrote:  “In questions of power, then, let no more be heard of confidence in man, but bind him down from mischief by the…

The main definition of insolvency is the condition of having more debts (liabilities) than total assets available to pay them, even if the assets were mortgaged or sold.  In other words, one’sliabilities exceed the fair market value of one’s assets.  For those who are close to being insolvent a critical issue is making transfers of…