Legal Question in Business Law in Georgia

Divorce

i am a building contractor and own 40% of my business. i won a judgement against a man I built an office suite for, who did not want to pay. i am now getting a divorce and my wife says she should get half of my portion (40%) of that judgement. she is not a stockholder in my company and i fully intend to take care of her and my children. Is she entitles to any part of that judgement?


Asked on 1/02/03, 5:00 pm

2 Answers from Attorneys
Charles W. Field Charles W. Field, Attorney at Law

Re: Divorce

She may well be entitled to something, but that needs to be investigated in terms of the big picture of your and her financial positions. Contact a local attorney for a consultation.

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Answered on 1/12/03, 5:00 pm
Randall A. Lenz Randall A. Lenz, Atty, CPA

Re: Divorce

Your soon to be ex-spouse is entitled to that property, alimony and child support as you agree in the negotiated final settlement. Whether she becomes a partial owner of your company and therefore entitled to a portion of the judgement proceeds depends on your settlement with her. In all cases, the court is concerned with the welfare of the parties in the following order: 1) the children 2)the custodial parent (usually the wife) 3) the non-custodial parent (usually the husband).

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Answered on 1/02/03, 8:11 pm


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