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Started By
Message
Alimony.scenario
Posted on 7/23/23 at 4:37 pm
Posted on 7/23/23 at 4:37 pm
I'm going thru a divorce. I have my own business. Wife's name isn't on it. She's trying to claim it as a marital asset. Thing is, my business is worth maybe 400k. It's in debt 335k. How does this work? If she tries to claim the 65k asset, doesn't she have to claim 167k of debt? (That would be half)
I live in Alabama. She has worked the whole marriage and has well over 100k in her retirement/pension. 11 year marriage.
I live in Alabama. She has worked the whole marriage and has well over 100k in her retirement/pension. 11 year marriage.
This post was edited on 7/23/23 at 4:39 pm
25
Posted on 7/23/23 at 4:38 pm to PrattvilleTiger
She gets all profits. You get all debts. Prayers sent.
Posted on 7/23/23 at 4:39 pm to BabyTac
Lol....that's not what my attorney tells me...
Posted on 7/23/23 at 4:39 pm to PrattvilleTiger
You came to the right place.
Posted on 7/23/23 at 4:40 pm to PrattvilleTiger
What’s her number and do you have pics?
Posted on 7/23/23 at 4:40 pm to PrattvilleTiger
quote:
Lol....that's not what my attorney tells me...
Wait, so why didn’t you just ask your attorney this question?
Posted on 7/23/23 at 4:41 pm to TDsngumbo
She weighs probably 260. Still interested?
Posted on 7/23/23 at 4:41 pm to TDsngumbo
She beats around the bush and doesn't really give concise answers...
Posted on 7/23/23 at 4:41 pm to PrattvilleTiger
quote:
She weighs probably 260. Still interested?
Guess we know why your business is in so much debt. Bitch ate it.
Posted on 7/23/23 at 4:42 pm to PrattvilleTiger
God bless you. I hope you take her to the fricking cleaners. I have no idea how Alabama works but common sense would say the business is only worth the assets minus the liabilities.
Posted on 7/23/23 at 4:42 pm to PrattvilleTiger
void
This post was edited on 7/24/23 at 8:45 am
Posted on 7/23/23 at 4:43 pm to PrattvilleTiger
Need more information - did you own the business before marriage? Is it a corporation or LLC, or are you a pure sole proprietor?
How awkward when your sister continues to show up at Christmas and Thanksgiving?
quote:
I live in Alabama.
How awkward when your sister continues to show up at Christmas and Thanksgiving?
Posted on 7/23/23 at 4:43 pm to BeerMoney
If you owned the business prior to marriage, you can claim it as personnel property. If not, you're screwed.
Posted on 7/23/23 at 4:43 pm to BeerMoney
LMFAO
Posted on 7/23/23 at 4:45 pm to PrattvilleTiger
quote:
She weighs probably 260. Still interested?
She's about to own half of a mildly successful business, so yeah.
This post was edited on 7/23/23 at 4:46 pm
Posted on 7/23/23 at 4:45 pm to Nawlens Gator
I bought it after we were married.
How am I screwed? Neither party gets to claim assets and no liabilities.
How am I screwed? Neither party gets to claim assets and no liabilities.
Posted on 7/23/23 at 4:45 pm to PrattvilleTiger
quote:
She beats around the bush and doesn't really give concise answers...
Then I’d find another attorney
Posted on 7/23/23 at 4:46 pm to fightin tigers
Fine with me. She'll own half the debt too...
Posted on 7/23/23 at 4:46 pm to PrattvilleTiger
quote:
She weighs probably 260. Still interested?
Posted on 7/23/23 at 4:47 pm to Tyga Woods
void
This post was edited on 7/24/23 at 8:45 am
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