Buying a new business DURING a divorce and property settlement...

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Rod

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27 May 2014
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What may happen, as long as the husband has not used other marital assets as security, is the court will look at the total assets then take out the business as an asset and the finance as a liability. The net effect is then no change on the asset pool.

However family law is a little more complex and other factors can come into play affecting what the judge does, things like the future needs of both parties also need to be considered.