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Florida Statute 726.103 | Lawyer Caselaw & Research
F.S. 726.103 Case Law from Google Scholar
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Link to State of Florida Official Statute Google Search for Amendments to 726.103

The 2023 Florida Statutes (including Special Session C)

Title XLI
STATUTE OF FRAUDS, FRAUDULENT TRANSFERS, AND GENERAL ASSIGNMENTS
Chapter 726
FRAUDULENT TRANSFERS
View Entire Chapter
F.S. 726.103
726.103 Insolvency.
(1) A debtor is insolvent if the sum of the debtor’s debts is greater than all of the debtor’s assets at a fair valuation.
(2) A debtor who is generally not paying his or her debts as they become due is presumed to be insolvent.
(3) A partnership is insolvent under subsection (1) if the sum of the partnership’s debts is greater than the aggregate, at a fair valuation, of all of the partnership’s assets and the sum of the excess of the value of each general partner’s nonpartnership assets over the partner’s nonpartnership debts.
(4) Assets under this section do not include property that has been transferred, concealed, or removed with intent to hinder, delay, or defraud creditors or that has been transferred in a manner making the transfer voidable under ss. 726.101-726.112.
(5) Debts under this section do not include an obligation to the extent it is secured by a valid lien on property of the debtor not included as an asset.
History.s. 3, ch. 87-79; s. 936, ch. 97-102.

F.S. 726.103 on Google Scholar

F.S. 726.103 on Casetext

Amendments to 726.103


Arrestable Offenses / Crimes under Fla. Stat. 726.103
Level: Degree
Misdemeanor/Felony: First/Second/Third

Current data shows no reason an arrest or criminal charge should have occurred directly under Florida Statute 726.103.



Annotations, Discussions, Cases:

Cases from cite.case.law:

IN RE MONGELLUZZI A. B. T. S. HO II, LLC HO, LLC YJNK II, YJNK XI CA, LLC ABTS LLC B. LLC HQ, LLC LLC U, LLC USL H LLC LLP YJNK III, YJNK VIII, LLC, v., 587 B.R. 392 (Bankr. M.D. Fla. 2018)

. . . Insolvency Under § 726.103(2), a debtor is presumed to be insolvent when it is not paying its debts as . . . If the presumption does not arise, under § 726.103(1) a debtor is insolvent when the sum of its debts . . . To establish the presumption of insolvency under § 726.103(2), Plaintiff offers the IRS claims in the . . . Under § 726.103(1), referred to as the "balance sheet test," the Court may determine that a debtor is . . . Stat 726.103(2). Fla. Stat. 726.103(1). Doc. No. 409, p. 3. Doc. . . .

IN RE UNIVERSAL HEALTH CARE GROUP, INC. LLC, R. v. LLC IX, L. P., 560 B.R. 594 (Bankr. M.D. Fla. 2016)

. . . . § 726.103(1); Lawson v. Ford Motor Co. . . .

NATIONAL MARITIME SERVICES, INC. v. F. STRAUB LLC, F., 979 F. Supp. 2d 1322 (S.D. Fla. 2013)

. . . Under Florida Statute sections 726.103(1) & (2), “[a] debtor is insolvent if the sum of the debtor’s . . .

In KANE KANE, A R. A v. J. N., 479 B.R. 617 (Bankr. S.D. Fla. 2012)

. . . . § 726.103. The Trustee submits the expert witness report of Mr. . . .

In GLOBAL TECHNOVATIONS, INC. In v. U. S. A., 431 B.R. 739 (Bankr. E.D. Mich. 2010)

. . . Defendants and incurred the $12 million in promissory note obligations. 3.Insolvency Under Section 726.103 . . . Stat. 726.103 (2005). . . .

In FELSNER, v., 289 F. App'x 879 (6th Cir. 2008)

. . . . § 726.103(1)). . . .

In FELSNER, v., 289 F. App'x 879 (6th Cir. 2008)

. . . . § 726.103(1)). . . .

MANCHEC, LLC, a a v. MANCHEC a k a, 951 So. 2d 1026 (Fla. Dist. Ct. App. 2007)

. . . See § 726.103(1), Fla. Stat. (2006). . . . . § 726.103(2), Fla. Stat. (2006). . . .

In H. REISNER K. A. H. K. v. C., 357 B.R. 206 (Bankr. E.D.N.Y. 2006)

. . . Reisner is avoidable as a constructive fraudulent transfer under Section 726.103 et seq. of the Florida . . .

BALSAMO v. GRUPPO CERAMICHE RICCHETTI, S. P. A. BMI, 862 So. 2d 812 (Fla. Dist. Ct. App. 2003)

. . . also consider whether the trial court erred in entering summary judgment under sections 726.106 and 726.103 . . . that non-payment of the judgment creditor’s debt, alone, triggered the insolvency presumption under 726.103 . . . Section 726.103(1) provides a definition the trial court labels the “balance sheet test.” . . . Section 726.103(2) provides that “[a] debtor who is generally not paying his or her debts as they become . . . Section 726.103(2) creates a rebuttable presumption of insolvency. . . .

PARAGON HEALTH SERVICES, INC. v. CENTRAL PALM BEACH COMMUNITY MENTAL HEALTH CENTER, INC. d b a CMHC, d b a CMHC, D. M. D., 859 So. 2d 1233 (Fla. Dist. Ct. App. 2003)

. . . .” § 726.103(1), Fla. Stat. (2001). This is referred to as the “balance sheet” test. . . . See § 726.103(2); First Fed. Sav. & Loan Ass’n of Galion, Ohio. v. . . . Thus, the appellees failed to negate the presumption of insolvency of section 726.103(2). . . . See § 726.103(1). . . .

In SUNBEAM CORP. v. Co., 284 B.R. 355 (Bankr. S.D.N.Y. 2002)

. . . . §§ 726.103, 726.104, as containing analogous sections. . . . .

UNITED STATES v. EXECUTIVE AUTO HAUS, INC. C. Sr., 234 F. Supp. 2d 1253 (M.D. Fla. 2002)

. . . Stat. ch. 726.103(1). . . . Id. at 726.103(2). . . .

G. LEVIN, v. ETHAN ALLEN, INC., 823 So. 2d 132 (Fla. Dist. Ct. App. 2002)

. . . on the burden of proof ignores the presumption in section 726.103(2). . . . Section 726.103(1) lays down the insolvency rule— that a debtor is insolvent when the sum total of all . . . But unlike section 726.103(1) which has been framed as a rule, the Legislature has given section 726.103 . . . Section 726.103(2) has been cast solely as a rebut-table presumption rather than as a rule, and like . . . Because section 726.103(2) is not framed as an alternative to the insolvency rule in section 726.103( . . . having the larger judgment in its favor, was as a matter of law not insolvent as defined in section 726.103 . . . Section 726.103, Fla. . . . that Georgetown could not have been insolvent is that Georgetown was presumed insolvent under section 726.103 . . .

In R. PAUL, R. KAPILA, v. S. PLAVE, PFG, B., 217 B.R. 336 (S.D. Fla. 1997)

. . . Section 726.103 defines insider as a "[a] relative of the debtor.” . . . . Section 726.103 defines insolvency for individuals in two ways: (1) A debtor is insolvent if the sum . . . Fl.Stat. § 726.103(1) — (2) (West 1988 & Supp. 1997). . . .

In COVINO, R. KAPILA, v. COVINO a, 187 B.R. 773 (Bankr. S.D. Fla. 1995)

. . . Based upon Florida Statute § 726.103, the Debtors were insolvent from August 1990, through the date of . . .

L. GASS, Jr. v. COMREAL MIAMI INCORPORATED,, 653 So. 2d 1069 (Fla. Dist. Ct. App. 1995)

. . . Section 726.103, Florida Statutes (1993) defines insolvency as: (1) A debtor is insolvent if the sum . . .

AMJAD MUNIM, M. D. P. A. v. AZAR, M. D. PULMONARY AND CRITICAL CARE ASSOCIATES OF FT. LAUDERDALE P. A. v. AZAR, M. D., 648 So. 2d 145 (Fla. Dist. Ct. App. 1994)

. . . debtor is “insolvent” if the sum of his debts is greater than his assets at a fair evaluation, section 726.103 . . . a debtor is presumed insolvent if generally not paying his debts as they become due, id. at section 726.103 . . .

In DADDY S MONEY OF CLEARWATER, INC. DADDY S MONEY OF CLEARWATER, INC. v. A. WINICK,, 155 B.R. 788 (Bankr. M.D. Fla. 1993)

. . . Count IV involves the same factual allegations, but is based upon § 726.103 of the Florida Statutes. . . .