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Started By
Message
re: Alimony.scenario
Posted on 7/23/23 at 7:10 pm to LSU Grad Alabama Fan
Posted on 7/23/23 at 7:10 pm to LSU Grad Alabama Fan
quote:
How many Auburn baws is it now with marriage problems on this board?
Coach Freeze already putting in work
0
Posted on 7/23/23 at 7:20 pm to PrattvilleTiger
quote:
She weighs probably 260. Still interested?
If you can't handle her at her worse you don't deserve her at her best
Posted on 7/23/23 at 7:33 pm to PrattvilleTiger
quote:
Paying the previous owner. Vastly overpayed for the business.
Sounds like the asset isn't tangible ie customer list.
How are you valuing arguably company is worth zero and only driver of value is service you do
Posted on 7/23/23 at 9:07 pm to PrattvilleTiger
quote:
She maybe weighed 180 when we married.
Damn son you married a deuce?
Posted on 7/23/23 at 9:08 pm to thelawnwranglers
I'm not the one bringing up her weight on here. Others were. Like I said, I don't give a shite about her looks.
Posted on 7/23/23 at 9:08 pm to SuperSaint
quote:
Who's she fricking?
Sounds like Todd Graves and Colonel Sanders.
Posted on 7/23/23 at 9:16 pm to thelawnwranglers
Yes. The driver is the service I do. How is that valued? Net profit of business is probably 90k a year.
Posted on 7/23/23 at 9:27 pm to PrattvilleTiger
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.
So how are you carrying that much debt?
Your debt to equity ratio seems to me to be pretty screwed, but I don’t have access to your balance sheet.
Tell her she can have it. She gets the debt too. Give it to her. Smile while doing so.
Go buy a new van.
Hire your 2 guys away from her, give them a $3/hour raise.
Do everything right this time. Including not having over $300k in debt when your only asset is a 2015
van.
Posted on 7/23/23 at 9:34 pm to PrattvilleTiger
quote:
She weighs probably 260.
She ain’t a lady if she ain’t 280
Posted on 7/23/23 at 9:38 pm to PrattvilleTiger
What does your company do?
Posted on 7/23/23 at 9:47 pm to PrattvilleTiger
Assuming that’s the true value of your business, I’m sure you have conveniently discovered it has been struggling lately and has tons of liabilities all of a sudden. Depends on the type of business but could be value of underlying assets, value of future cash flows, etc. what kind of company is it? Construction company? Yeah maybe net assets…software company? Nah, not assets.
This post was edited on 7/23/23 at 9:49 pm
Posted on 7/23/23 at 11:56 pm to PrattvilleTiger
If she’s entitled to half your business, you are entitled to half her pension.
I know in my divorce, we both had to agree in writing in the divorce papers to not go after each other’s retirement. If you are self employed and don’t have a retirement fund, this may benefit you.
I know in my divorce, we both had to agree in writing in the divorce papers to not go after each other’s retirement. If you are self employed and don’t have a retirement fund, this may benefit you.
Posted on 7/24/23 at 12:02 am to subMOA
quote:yeah I'm trying to figure that one out too
$300k in debt when your only asset is a 2015 van.
Posted on 7/24/23 at 12:03 am to PrattvilleTiger
She gets the gold mine. You get the shaft.
Posted on 7/24/23 at 2:18 pm to PrattvilleTiger
quote:
Yes. The driver is the service I do. How is that valued? Net profit of business is probably 90k a year.
If you are the driver of business it is Assets minus liabilities
If you sold it today what would be net proceeds minus debt and that is the business value
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