Organise the documents for an urgent solvency review
Key facts
- Human involvement
- RedLawyer-led
- How AI is used
- Index the bank statements, aged payables, and board minutes in the file by date, and list which of those dates fall in the 90 days before the petition date stated in the file. Do not write an opinion or a court paper.
- What the lawyer must review
- The lawyer conducts the review. 11 U.S.C. § 547(f) is a presumption of insolvency for the 90 days before the petition, for preference purposes. Section 548(a)(1) is the two-year fraudulent-transfer reach. If the question is an involuntary petition, § 303(h) asks whether the debtor is generally not paying debts as they become due, absent a bona fide dispute, or whether a custodian of the kind described in § 303(h)(2) was appointed or took possession within 120 days before the petition. Bankruptcy Rule 9011(b) applies if any of this is put in a court paper. The tool writes none of that paper. Formal Opinion 512 keeps the records in a confidential tool.
- Written for / version
- United States versionUS
Who does what
| Role | What they do |
|---|---|
| Assistance | Supporting preparation only. Potential support includes extracting and organising information. Confirm the tool’s capability and permitted scope. The tool writes nothing into the document. Substantive advice, judgement and any restricted content remain with the responsible human. |
| Lawyer | Perform the substantive analysis and decisions. Independently check any permitted supporting work and approve the exact output for its intended use. |
Checklist
- Confirm that the actual tool, feature and processing terms permit use of this information, including access, retention, training and disclosure conditions.
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.