§ 5102. Insolvency
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 12 Pa.C.S.A. Commerce and TradeEffective: February 20, 2018
Effective: February 20, 2018
12 Pa.C.S.A. § 5102
§ 5102. Insolvency
(b) Presumption of insolvency.--A debtor that is generally not paying the debtor's 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.
Credits
1993, Dec. 3, P.L. 479, No. 70, § 1, effective in 60 days. Amended 2017, Dec. 22, P.L. 1249, No. 78, § 2, effective in 60 days [Feb. 20, 2018].
12 Pa.C.S.A. § 5102, PA ST 12 Pa.C.S.A. § 5102
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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