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re: Alimony.scenario

Posted on 7/23/23 at 4:47 pm to
Posted by PrattvilleTiger
Prattville Al
Member since May 2020
2557 posts
Posted on 7/23/23 at 4:47 pm to
No. Bought it after marriage. It's an LLC.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
147763 posts
Posted on 7/23/23 at 4:48 pm to
quote:

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)
wat?


If your golf clubs would sell for $400 but you still owe $335 on the purchase of them, then they are worth $65 to you (and your wife)
Posted by TDsngumbo
Member since Oct 2011
48295 posts
Posted on 7/23/23 at 4:48 pm to
quote:

She beats around the bush and doesn't really give concise answers...

You probably have the wrong attorney then.
Posted by Lsutigerturner
Member since Dec 2016
7109 posts
Posted on 7/23/23 at 4:48 pm to
Offer to liquidate and split debts or ask her what her number is and take a loan out. I kinda did this when my ex went after my house lol I was in the middle of a remodel one of the bathrooms all stripped to the stud and spare bedrooms and kitchen stripped to the slab. Pretty much said I’m not spending another penny or working on the house and we can just sell as is. Then split the debt or profit that’s left. Which would be a debt at that time. Or we can agree on a number and I took the loan out the next day. She tried to get the money from my multiple time during the divorce lol don’t give her shite till divorce is signed by her and you.
Posted by BigWillyMetry
Member since Dec 2021
1548 posts
Posted on 7/23/23 at 4:50 pm to
Bout 350/month
Posted by Harry Morgan
Member since Sep 2019
10340 posts
Posted on 7/23/23 at 4:52 pm to
She’s on that alimony pony.
Posted by SidetrackSilvera
Member since Nov 2012
2648 posts
Posted on 7/23/23 at 4:53 pm to
You may have a little problem.
Posted by Slingscode
Houston, TX
Member since Sep 2011
2184 posts
Posted on 7/23/23 at 4:54 pm to
You'll split it down the middle, and she'll get the better half.
Why didn't you just learn to cook?
Posted by LSU Grad Alabama Fan
369 Cardboard Box Lane
Member since Nov 2019
13820 posts
Posted on 7/23/23 at 4:54 pm to
quote:

11 year marriage.



Dang. Bae is cold blooded to stay in the marriage just long enough for them full benefits, yo.

This post was edited on 7/23/23 at 4:59 pm
Posted by LSU Grad Alabama Fan
369 Cardboard Box Lane
Member since Nov 2019
13820 posts
Posted on 7/23/23 at 4:55 pm to
How many Auburn baws is it now with marriage problems on this board?
Posted by PrattvilleTiger
Prattville Al
Member since May 2020
2557 posts
Posted on 7/23/23 at 4:55 pm to
Ain't much to split down the middle. My business provides a service. Nothing else. 2 employees and a 2015 work van. No tangible assets. Just a customer portfolio.
Posted by SidetrackSilvera
Member since Nov 2012
2648 posts
Posted on 7/23/23 at 4:57 pm to
Does the service involve meat processing, digging holes or explosives, by chance?
Posted by baldona
Florida
Member since Feb 2016
23261 posts
Posted on 7/23/23 at 4:58 pm to
quote:

Ain't much to split down the middle. My business provides a service. Nothing else. 2 employees and a 2015 work van. No tangible assets. Just a customer portfolio.


Is it your full time job? As in you pay yourself a salary you’d have to pay someone else to run the business or you take distributions? I mean sounds like it’s worth $65k/2= $32.5k to her. You pay her that to make it go away at worst Id assume.

Posted by LSU Grad Alabama Fan
369 Cardboard Box Lane
Member since Nov 2019
13820 posts
Posted on 7/23/23 at 4:59 pm to
quote:

Ain't much to split down the middle.



You should try to split her 260 down the middle. 130 would be a decent amount.

quote:

2 employees and a 2015 work van.


Is it a plumbing business? Will she be getting one of the employees that can lay some pipe?
This post was edited on 7/23/23 at 5:02 pm
Posted by PrattvilleTiger
Prattville Al
Member since May 2020
2557 posts
Posted on 7/23/23 at 5:01 pm to
Yeah, it's my full time job. My lawyer says we get to deduct her pension from anything I might owe her.
Posted by Harry Morgan
Member since Sep 2019
10340 posts
Posted on 7/23/23 at 5:03 pm to
Posted by NaturalBeam
Member since Sep 2007
14722 posts
Posted on 7/23/23 at 5:04 pm to
quote:

She weighs probably 260
how much do you weigh and how much did she weigh 11 years ago?
Posted by PrattvilleTiger
Prattville Al
Member since May 2020
2557 posts
Posted on 7/23/23 at 5:06 pm to
I'm 6'1". 220.
She maybe weighed 180 when we married.
Posted by BobABooey
Parts Unknown
Member since Oct 2004
15849 posts
Posted on 7/23/23 at 5:07 pm to
quote:

She's trying to claim it as a marital asset.

Is she trying or is her lawyer trying to claim it? The lawyer might be throwing it out there with the expectation you’ll make a counter offer to own it free and clear.

If she’s serious and sticking to her demand, change the name of the business to “Fat Ex-Wife” before she gets part ownership.
Posted by PrattvilleTiger
Prattville Al
Member since May 2020
2557 posts
Posted on 7/23/23 at 5:08 pm to
Gotta.be her lawyer. She has no business acumen.
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