Vermont § 2286 - Insolvency
Full text of Vermont Vermont Statutes Online § 2286 — Insolvency, with citation guidance and answers to common questions.
§ 2286. Insolvency
- (a) A debtor is insolvent if, at a fair valuation, the sum of the debtor’s debts is greater
than the sum of the debtor’s assets. (b) A debtor who is generally not paying his or her debts as they become due other than
as a result of a bona fide dispute is presumed to be insolvent. The presumption imposes
on the party against which the presumption is directed the burden of proving that
the nonexistence of insolvency is more probable than its existence. (c) Assets under this section do not include property that has been transferred, concealed,
or removed with the intent to hinder, delay, or defraud creditors or that has been
transferred in a manner making the transfer voidable under this chapter. (d) 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. (Added 1995, No. 179 (Adj. Sess.), § 14; amended 2017, No. 20, § 1; 2021, No. 20, § 10.)
Frequently Asked Questions About Vermont § 2286
What does Vermont Statutes Online § 2286 cover?
Section 2286 ("Insolvency") is part of the Vermont Statutes Online, the codified statutory law of Vermont. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Vermont § 2286?
A common citation format is "Vermont Statutes Online § 2286" (Vermont). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 2286 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Vermont.