A commercial borrower might declare the values of other properties to generate a net worth statement.
This is a civil case so The state of NY will need show a loss from the valuations. It seems convoluted.
A commercial borrower might declare the values of other properties to generate a net worth statement.>>> One of the reasons they did mark to market which i don’t think is ever fair. I think there is a “sarbanes oxl”y or something to prevent that.