Thread: The Ultimate divorce loss.
09-11-2018, 06:48 AM
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#61
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Originally Posted By Scarrdbutsmartr⏩
-well it happened. don't know what to tell you there.Something doesnt seem right with this story..
-I've never heard of never ending alimony. Alimony is set for a specific amount of time...
-A judge may force you to split assets and if that requires you to sell a business then so be it. You can immediately re-address the court and get alimony lowered to almost nothing if you show you have no income...
-If there is no child support there is no problem....All your dad has to do is restart the business under a new name. He has the skills, contacts and customers. Yes it will take a while to rebuild but it can be done...
Yes your pops got majorly screwed but he can recover...
-I've never heard of never ending alimony. Alimony is set for a specific amount of time...
-A judge may force you to split assets and if that requires you to sell a business then so be it. You can immediately re-address the court and get alimony lowered to almost nothing if you show you have no income...
-If there is no child support there is no problem....All your dad has to do is restart the business under a new name. He has the skills, contacts and customers. Yes it will take a while to rebuild but it can be done...
Yes your pops got majorly screwed but he can recover...
-there was a time limit on when it had to be sold by.
-he couldn't just restart the business. he had to sell it. it's gone. this isn't the type of thing that you could just slap a sign on the door and open up.
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09-11-2018, 06:51 AM
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#62
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Originally Posted By Scarrdbutsmartr⏩
There is such a thing as lifetime alimony. Paid until you fukken die. Actually used to drive by a billboard some dude bought and designed to look like a coffin for the purpose of campaigning to end lifetime alimony.Something doesnt seem right with this story..
-I've never heard of never ending alimony. Alimony is set for a specific amount of time...
-A judge may force you to split assets and if that requires you to sell a business then so be it. You can immediately re-address the court and get alimony lowered to almost nothing if you show you have no income...
-If there is no child support there is no problem....All your dad has to do is restart the business under a new name. He has the skills, contacts and customers. Yes it will take a while to rebuild but it can be done...
Yes your pops got majorly screwed but he can recover...
-I've never heard of never ending alimony. Alimony is set for a specific amount of time...
-A judge may force you to split assets and if that requires you to sell a business then so be it. You can immediately re-address the court and get alimony lowered to almost nothing if you show you have no income...
-If there is no child support there is no problem....All your dad has to do is restart the business under a new name. He has the skills, contacts and customers. Yes it will take a while to rebuild but it can be done...
Yes your pops got majorly screwed but he can recover...
Many times when you sell a business you have a non compete agreement. I guess we found someone dumb enough to buy a business without one.
09-11-2018, 09:22 AM
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#63
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Originally Posted By Mumra⏩
Visa purposes. She's Brazilian. Hot and loyal. Gonna be a great mum too. Couldn't ask for much more really.good luck.
serious question though. why get married? per your sig you're an atheist so there's no religious reason to do it and if you both have nothing there was no "old school" reason like uniting families or assets. so why bother?
serious question though. why get married? per your sig you're an atheist so there's no religious reason to do it and if you both have nothing there was no "old school" reason like uniting families or assets. so why bother?
09-11-2018, 09:45 AM
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#64
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You need to talk to some Russian gentlemen OP...
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09-11-2018, 09:49 AM
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#65
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never get marry crew.
i know alot of divorced men (alot of them from my family lol) and most of them got rekt af. this society is BS.
i know alot of divorced men (alot of them from my family lol) and most of them got rekt af. this society is BS.
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09-11-2018, 09:53 AM
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#66
09-11-2018, 10:14 AM
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#67
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Originally Posted By Kiop⏩
you would think. but this is just a round about way to get everything for her. although if he passes then I don't think she'll get what he has left so that's nice....cant it be sort out
like 30% yearly of profit
to save the business at least
something to keep the life running for your dad
like 30% yearly of profit
to save the business at least
something to keep the life running for your dad
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09-11-2018, 10:46 AM
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#68
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Originally Posted By EdwardTheGreat⏩
In accordance with your cringeworthy logic; if people encounter a devious manipulator, accidentally make a poor decision, or run into bad luck... well fukk em, they deserve it right?LOL you're dumb. You have probably made sh*t fukkin choices in your life like OP's dad.
My parents are still together after 51 years.
I have never been with a single mom.
I have never been divorced.
Eyes open here bro and solid decisions made.
My parents are still together after 51 years.
I have never been with a single mom.
I have never been divorced.
Eyes open here bro and solid decisions made.
"What's that miss? You got turned around in a new city, went down the wrong street and got raped? Should have made better decisions, then. I mean if only you had your eyes open nothing bad could have befallen you over which you had no power."
You, sir, are arrogant and ignorant to the brutal and ridiculous workings of the US Family Court System. And fwiw, I hope you never learn about it first hand. And I don't blame you for your ignorance on the matter, the visceral reality of what is going on is truly horrifying. I'm glad you lucked out.
Some men are doing the best they can and get taken advantage of by female predators. And we have a parallel court system that incentivizes the predation.
And for the other individual in this thread asking why he didn't just take control of her and the spending; look up Marital Financial Abuse. Then please refer to the line above this.
09-11-2018, 11:09 AM
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#69
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Originally Posted By bluegold04⏩
OP's dad either:In accordance with your cringeworthy logic; if people encounter a devious manipulator, accidentally make a poor decision, or run into bad luck... well fukk em, they deserve it right?
a) decided he couldn't live without a wicked, wretched b*tch and asked her to spend her life ( and his money) with him; or
b) she is NOT an evil monster who laid in wait for 28 years for her husband to finally make some money so she can enjoy the single life at 65 years old (just LOL)...meaning OP's dad fukked up somewhere pretty bad
Either way...OP's dad has chosen fukkin poorly in his life. When we do that, we get what we deserve usually. As a man, taking marriage lightly or taking the choosing of a partner lightly will fukk you straight in the ass. Yes, women can be kunts...once again enforcing the need to choose wisely. From the info OP provided, his dad done fukked up...pay the bill and move on.
09-11-2018, 11:10 AM
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#70
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Originally Posted By EdwardTheGreat⏩
The op said his dad worked day in and day out to make that business profitable. I'd guess that she got upset at him because he never gave her attention.OP's dad either:
a) decided he couldn't live without a wicked, wretched b*tch and asked her to spend her life ( and his money) with him; or
b) she is NOT an evil monster who laid in wait for 28 years for her husband to finally make some money so she can enjoy the single life at 65 years old (just LOL)...meaning OP's dad fukked up somewhere pretty bad
Either way...OP's dad has chosen fukkin poorly in his life. When we do that, we get what we deserve usually. As a man, taking marriage lightly or taking the choosing of a partner lightly will fukk you straight in the ass. Yes, women can be kunts...once again enforcing the need to choose wisely. From the info OP provided, his dad done fukked up...pay the bill and move on.
a) decided he couldn't live without a wicked, wretched b*tch and asked her to spend her life ( and his money) with him; or
b) she is NOT an evil monster who laid in wait for 28 years for her husband to finally make some money so she can enjoy the single life at 65 years old (just LOL)...meaning OP's dad fukked up somewhere pretty bad
Either way...OP's dad has chosen fukkin poorly in his life. When we do that, we get what we deserve usually. As a man, taking marriage lightly or taking the choosing of a partner lightly will fukk you straight in the ass. Yes, women can be kunts...once again enforcing the need to choose wisely. From the info OP provided, his dad done fukked up...pay the bill and move on.
09-11-2018, 11:12 AM
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#71
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Originally Posted By Maestro⏩
So you're saying he chose a sh*tty wife? Agreed...he fukked up (as I said above)The op said his dad worked day in and day out to make that business profitable. I'd guess that she got upset at him because he never gave her attention.
09-11-2018, 11:15 AM
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#72
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Originally Posted By EdwardTheGreat⏩
Of course there is more to the story. This is the misc mayne.Sounds like there is much more to the story than what you have provided, but I will play along with your narrative and say "that sucks bro, down with women"
09-11-2018, 11:18 AM
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#73
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Originally Posted By bluegold04⏩
he's pretty spot on.In accordance with your cringeworthy logic; if people encounter a devious manipulator, accidentally make a poor decision, or run into bad luck... well fukk em, they deserve it right?
"What's that miss? You got turned around in a new city, went down the wrong street and got raped? Should have made better decisions, then. I mean if only you had your eyes open nothing bad could have befallen you over which you had no power."
You, sir, are arrogant and ignorant to the brutal and ridiculous workings of the US Family Court System. And fwiw, I hope you never learn about it first hand. And I don't blame you for your ignorance on the matter, the visceral reality of what is going on is truly horrifying. I'm glad you lucked out.
Some men are doing the best they can and get taken advantage of by female predators. And we have a parallel court system that incentivizes the predation.
And for the other individual in this thread asking why he didn't just take control of her and the spending; look up Marital Financial Abuse. Then please refer to the line above this.
"What's that miss? You got turned around in a new city, went down the wrong street and got raped? Should have made better decisions, then. I mean if only you had your eyes open nothing bad could have befallen you over which you had no power."
You, sir, are arrogant and ignorant to the brutal and ridiculous workings of the US Family Court System. And fwiw, I hope you never learn about it first hand. And I don't blame you for your ignorance on the matter, the visceral reality of what is going on is truly horrifying. I'm glad you lucked out.
Some men are doing the best they can and get taken advantage of by female predators. And we have a parallel court system that incentivizes the predation.
And for the other individual in this thread asking why he didn't just take control of her and the spending; look up Marital Financial Abuse. Then please refer to the line above this.
if you've never had to experience the US Family Court system you have no idea how bad it is. you have no rights in this court. if you can't afford an lawyer then to bad for you. you have no right to a jury and the judge is the ultimate unchecked authority on everything in the case. it's probably the most unconstitutional system in effect in the US.
another example. guy at work had his wife leave him for another man in Florida. they had 3 kids. she was married in Florida and preggo BEFORE they got divorced in Ga. if it wasn't for the judge being a man and noticing the math didn't work out per her testimony my coworker would have lost his kids and had to pay her child support. however he is still stuck with her $40K in student loans which he is taking up with the loan agency and might get that taken off his credit. but also $30K+ in credit card debt that she got by FORGING his name on the application. He never even knew about the credit card debt until the divorce started.
p.s. she doesn't even want the kids.
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09-11-2018, 11:19 AM
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#74
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Originally Posted By DanielleGreen⏩
not really, sorry. if you have questions I'll answer them to the best of my ability.Of course there is more to the story. This is the misc mayne.
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09-11-2018, 11:21 AM
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#75
09-11-2018, 11:21 AM
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#76
I don’t be leaf this story. Alimony is based on the disparity between two incomes. You can not be forced to pay alimony if you have no income. I have been divorced and I waived alimony even though I was eligible for it. If my ex did not have an income I would not have been eligible for it in the first place.
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09-11-2018, 11:24 AM
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#77
09-11-2018, 11:25 AM
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#78
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Originally Posted By Mumra⏩
What did your dad do before this business?not really, sorry. if you have questions I'll answer them to the best of my ability.
What did the ex-wife do while he opened up a business?
I don't believe a court order can ask you to sell a business. I assume he needed cash (because you said the personal account was bankrupt), and he had to start handing over some wealth.
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09-11-2018, 11:27 AM
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Lesson learned never invest that much time in a business you don't own or have a share in.
09-11-2018, 11:37 AM
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#80
Originally Posted By Nicklol⏩
Fully willing to admit that some people get screwed in a divorce. However "taking your money" isn't quite how it works.how can any woman, especially one you married.. and for THAT long, even be willing to take your money?.
do I have too much faith in people?
is it just a woman thing to be that terrible?
do I have too much faith in people?
is it just a woman thing to be that terrible?
If you have assets prior to marriage and you want to keep them separate you can do that, but you have to be purposeful about it. As in those assets can never be legally entangled with shared assets. And in some cases it might even be worth getting said asset out of your name and into the name of someone you trust if it is that big an issue.
All debts and assets accrued during the marriage are considered shared. The two exceptions in my state are inheritance (presuming said inheritance is held separate from family assets) and student debt unless there is proof said debt was used for family expenses.
These two exceptions make sense to me. Especially the student debt one.
Originally Posted By Mumra⏩
So sounds like your step-mom was just not willing to be fair/reasonable. That sucks and it really didn't have to go down like this. Don't know why they couldn't have agreed on a valuation for the business/valuation for the house and put a total number on it. Then if the business was valued higher your dad could have paid that out as a settlement over 10 years or something w/balance to be paid to her heirs if she passed before it was paid out.he's pretty spot on.
if you've never had to experience the US Family Court system you have no idea how bad it is. you have no rights in this court. if you can't afford an lawyer then to bad for you. you have no right to a jury and the judge is the ultimate unchecked authority on everything in the case. it's probably the most unconstitutional system in effect in the US.
another example. guy at work had his wife leave him for another man in Florida. they had 3 kids. she was married in Florida and preggo BEFORE they got divorced in Ga. if it wasn't for the judge being a man and noticing the math didn't work out per her testimony my coworker would have lost his kids and had to pay her child support. however he is still stuck with her $40K in student loans which he is taking up with the loan agency and might get that taken off his credit. but also $30K+ in credit card debt that she got by FORGING his name on the application. He never even knew about the credit card debt until the divorce started.
p.s. she doesn't even want the kids.
if you've never had to experience the US Family Court system you have no idea how bad it is. you have no rights in this court. if you can't afford an lawyer then to bad for you. you have no right to a jury and the judge is the ultimate unchecked authority on everything in the case. it's probably the most unconstitutional system in effect in the US.
another example. guy at work had his wife leave him for another man in Florida. they had 3 kids. she was married in Florida and preggo BEFORE they got divorced in Ga. if it wasn't for the judge being a man and noticing the math didn't work out per her testimony my coworker would have lost his kids and had to pay her child support. however he is still stuck with her $40K in student loans which he is taking up with the loan agency and might get that taken off his credit. but also $30K+ in credit card debt that she got by FORGING his name on the application. He never even knew about the credit card debt until the divorce started.
p.s. she doesn't even want the kids.
This other story - he should totally fight that. Don't know how he got saddled with her student debt if she got it in her name. If she forged his name on credit card applications I think he would have grounds for criminal charges. If that is so he could file charges to get the debt moved to her or get her imprisoned. At the least it would give him serious leverage if he wants to have custody of the kids. If she really doesn't want them she might be willing to sign over custody to him and give up the child support in exchange for him not pressing charges on the forgery.
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09-11-2018, 11:40 AM
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#81
09-11-2018, 11:43 AM
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#82
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I am Romanian and my grandfather Razdan (RIP in peace bunic) told me to always have 2 accounts set aside for emergencies that every man eventually will need. One for the avocat (lawyer) and one for the hitman.
Too bad your father didn't meet my bunic 25 years ago.
Too bad your father didn't meet my bunic 25 years ago.
09-11-2018, 11:45 AM
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#83
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Originally Posted By mike.hunt⏩
This. No way I'm going out like thatsomething does seem a bit off with this story
regardless if I ever find myself in that situation I'm dipping out to a small island country and disappearing.
regardless if I ever find myself in that situation I'm dipping out to a small island country and disappearing.
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09-11-2018, 11:47 AM
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#84
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Originally Posted By EdwardTheGreat⏩
or...OP's dad either:
a) decided he couldn't live without a wicked, wretched b*tch and asked her to spend her life ( and his money) with him; or
b) she is NOT an evil monster who laid in wait for 28 years for her husband to finally make some money so she can enjoy the single life at 65 years old (just LOL)...meaning OP's dad fukked up somewhere pretty bad
Either way...OP's dad has chosen fukkin poorly in his life. When we do that, we get what we deserve usually. As a man, taking marriage lightly or taking the choosing of a partner lightly will fukk you straight in the ass. Yes, women can be kunts...once again enforcing the need to choose wisely. From the info OP provided, his dad done fukked up...pay the bill and move on.
a) decided he couldn't live without a wicked, wretched b*tch and asked her to spend her life ( and his money) with him; or
b) she is NOT an evil monster who laid in wait for 28 years for her husband to finally make some money so she can enjoy the single life at 65 years old (just LOL)...meaning OP's dad fukked up somewhere pretty bad
Either way...OP's dad has chosen fukkin poorly in his life. When we do that, we get what we deserve usually. As a man, taking marriage lightly or taking the choosing of a partner lightly will fukk you straight in the ass. Yes, women can be kunts...once again enforcing the need to choose wisely. From the info OP provided, his dad done fukked up...pay the bill and move on.
a) guy got deceived and once the reality of the situation became clear to him, it was too late so he put his head down and pushed ahead
b) please look up 'Silver Divorces' (yes that is a real thing)
Look dude, I really hope you and yours never go through this sort of meat grinder. Lots and lots of guys do, and the majority of them are decent guys who haven't done anything to warrant the level of vitriol with which they are treated. People make mistakes in choosing a partner because we are after all emotional creatures, your callousness and support of the idea that this system is just and these men are 'getting what they deserve' is honestly sad.
Either way, best of luck to you.
09-11-2018, 12:02 PM
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#85
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If I was his age I'd just say **** it and off her, go to jail, etc. Nothing to lose at that point.
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09-11-2018, 12:03 PM
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#86
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there is some bullshyt being thrown around in this thread.
a. first one is the forged credit cards taken out. i knew a guy who had that done by a business partner of his. he took out loans and credit cards in his name by forging the signature.
he asked the court for proof it wasn't him, and paid $250 for a signature analysis. judge accepted it as proof and let him off the hook for all debt.
b. alimony doesn't get paid out like that. the person awarded alimony doesn't get "everything" the other person gets. you get a payment based on your needs minus your own income. if the person paying has no income, he/she pays no alimony. this is a court form that can be filled out and applied for.
c. a cash heavy business was valued high enough to be sellable for a large sum? how? your father's an idiot for not claiming the expenses better, over reporting, or straight up lying to his ex on how much he made. looks like he needs a better accountant.
d. your dad got divorced twice. something ain't right with him either.
e. as someone said, at 65, how much did she want in money to live it up? at that point, most of us gave up on life. something else is wrong.
f. your dad should've given you the business, or at least a stock certificate for 99% ownership or something.i'm guessing he had red flags enough before she filed for divorce. goofed once again.
g. jake's on your dad for giving your stepmom access to money. my wife doesn't work, i give her an allowance (don't worry, it's ample, enough to pay the mortgage, pay off her student loans in full, buy all groceries, and few hundred dick around dollars a month extra), but all "extras" i put away into retirement, investments, etc. luckily, i didn't marry a money thirsty kunt cuz she already came from money so she lols at my poverty, but we love each other and live simply.
now, i'm not taking the step mom's side at all. it's gut wrenching that this happened to you and your pops, and i can only imagine the havoc it's wreaking on your lives. but the second she filed for divorce, you were not coming out as a winner. find the quickest path to resolution and give up as much as you need to to get on with what's left of your life, because the lawyers would milk it forever.
OP , you sound like a hard working intelligent dude, just go out on your own and learn from your dad's mistakes.
a. first one is the forged credit cards taken out. i knew a guy who had that done by a business partner of his. he took out loans and credit cards in his name by forging the signature.
he asked the court for proof it wasn't him, and paid $250 for a signature analysis. judge accepted it as proof and let him off the hook for all debt.
b. alimony doesn't get paid out like that. the person awarded alimony doesn't get "everything" the other person gets. you get a payment based on your needs minus your own income. if the person paying has no income, he/she pays no alimony. this is a court form that can be filled out and applied for.
c. a cash heavy business was valued high enough to be sellable for a large sum? how? your father's an idiot for not claiming the expenses better, over reporting, or straight up lying to his ex on how much he made. looks like he needs a better accountant.
d. your dad got divorced twice. something ain't right with him either.
e. as someone said, at 65, how much did she want in money to live it up? at that point, most of us gave up on life. something else is wrong.
f. your dad should've given you the business, or at least a stock certificate for 99% ownership or something.i'm guessing he had red flags enough before she filed for divorce. goofed once again.
g. jake's on your dad for giving your stepmom access to money. my wife doesn't work, i give her an allowance (don't worry, it's ample, enough to pay the mortgage, pay off her student loans in full, buy all groceries, and few hundred dick around dollars a month extra), but all "extras" i put away into retirement, investments, etc. luckily, i didn't marry a money thirsty kunt cuz she already came from money so she lols at my poverty, but we love each other and live simply.
now, i'm not taking the step mom's side at all. it's gut wrenching that this happened to you and your pops, and i can only imagine the havoc it's wreaking on your lives. but the second she filed for divorce, you were not coming out as a winner. find the quickest path to resolution and give up as much as you need to to get on with what's left of your life, because the lawyers would milk it forever.
OP , you sound like a hard working intelligent dude, just go out on your own and learn from your dad's mistakes.
09-11-2018, 12:05 PM
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#87
- PatheticPeter
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- PatheticPeter
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there is some bullshyt being thrown around in this thread.
a. first one is the forged credit cards taken out. i knew a guy who had that done by a business partner of his. he took out loans and credit cards in his name by forging the signature.
he asked the court for proof it wasn't him, and paid $250 for a signature analysis. judge accepted it as proof and let him off the hook for all debt.
b. alimony doesn't get paid out like that. the person awarded alimony doesn't get "everything" the other person gets. you get a payment based on your needs minus your own income. if the person paying has no income, he/she pays no alimony. this is a court form that can be filled out and applied for.
c. a cash heavy business was valued high enough to be sellable for a large sum? how? your father's an idiot for not claiming the expenses better, over reporting, or straight up lying to his ex on how much he made. looks like he needs a better accountant.
d. your dad got divorced twice. something ain't right with him either.
e. as someone said, at 65, how much did she want in money to live it up? at that point, most of us gave up on life. something else is wrong.
f. your dad should've given you the business, or at least a stock certificate for 99% ownership or something.i'm guessing he had red flags enough before she filed for divorce. goofed once again.
g. jake's on your dad for giving your stepmom access to money. my wife doesn't work, i give her an allowance (don't worry, it's ample, enough to pay the mortgage, pay off her student loans in full, buy all groceries, and few hundred dick around dollars a month extra), but all "extras" i put away into retirement, investments, etc. luckily, i didn't marry a money thirsty kunt cuz she already came from money so she lols at my poverty, but we love each other and live simply.
now, i'm not taking the step mom's side at all. it's gut wrenching that this happened to you and your pops, and i can only imagine the havoc it's wreaking on your lives. but the second she filed for divorce, you were not coming out as a winner. find the quickest path to resolution and give up as much as you need to to get on with what's left of your life, because the lawyers would milk it forever.
OP , you sound like a hard working intelligent dude, just go out on your own and learn from your dad's mistakes.
a. first one is the forged credit cards taken out. i knew a guy who had that done by a business partner of his. he took out loans and credit cards in his name by forging the signature.
he asked the court for proof it wasn't him, and paid $250 for a signature analysis. judge accepted it as proof and let him off the hook for all debt.
b. alimony doesn't get paid out like that. the person awarded alimony doesn't get "everything" the other person gets. you get a payment based on your needs minus your own income. if the person paying has no income, he/she pays no alimony. this is a court form that can be filled out and applied for.
c. a cash heavy business was valued high enough to be sellable for a large sum? how? your father's an idiot for not claiming the expenses better, over reporting, or straight up lying to his ex on how much he made. looks like he needs a better accountant.
d. your dad got divorced twice. something ain't right with him either.
e. as someone said, at 65, how much did she want in money to live it up? at that point, most of us gave up on life. something else is wrong.
f. your dad should've given you the business, or at least a stock certificate for 99% ownership or something.i'm guessing he had red flags enough before she filed for divorce. goofed once again.
g. jake's on your dad for giving your stepmom access to money. my wife doesn't work, i give her an allowance (don't worry, it's ample, enough to pay the mortgage, pay off her student loans in full, buy all groceries, and few hundred dick around dollars a month extra), but all "extras" i put away into retirement, investments, etc. luckily, i didn't marry a money thirsty kunt cuz she already came from money so she lols at my poverty, but we love each other and live simply.
now, i'm not taking the step mom's side at all. it's gut wrenching that this happened to you and your pops, and i can only imagine the havoc it's wreaking on your lives. but the second she filed for divorce, you were not coming out as a winner. find the quickest path to resolution and give up as much as you need to to get on with what's left of your life, because the lawyers would milk it forever.
OP , you sound like a hard working intelligent dude, just go out on your own and learn from your dad's mistakes.
09-11-2018, 12:06 PM
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#88
- Mumra
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- Mumra
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Originally Posted By Legz422⏩
well it happened so I don't know what to tell you. there is no "law" in divorces as to who gets what and why. some states have legal precedence that the judges will follow but that's about it.I don’t be leaf this story. Alimony is based on the disparity between two incomes. You can not be forced to pay alimony if you have no income. I have been divorced and I waived alimony even though I was eligible for it. If my ex did not have an income I would not have been eligible for it in the first place.
Originally Posted By Bracket199⏩
He grew up in the industry with his dad but more so than I did. I came into it in my mid 20s while he was working for his dad when he was a kid.What did your dad do before this business?
What did the ex-wife do while he opened up a business?
I don't believe a court order can ask you to sell a business. I assume he needed cash (because you said the personal account was bankrupt), and he had to start handing over some wealth.
What did the ex-wife do while he opened up a business?
I don't believe a court order can ask you to sell a business. I assume he needed cash (because you said the personal account was bankrupt), and he had to start handing over some wealth.
she was a teacher before "retiring" about 10 years ago.
bankprut is a strong word that I didn't use. there is a little money that was in their account but that was just basically enough to get by for a few months. but retirement funds were 0.
Originally Posted By Uhyeahokay⏩
didn't help my dad.Lesson learned never invest that much time in a business you don't own or have a share in.
Originally Posted By katya422⏩
your only hope is things being in someone else's name. of course you have to trust that person as well.Fully willing to admit that some people get screwed in a divorce. However "taking your money" isn't quite how it works.
If you have assets prior to marriage and you want to keep them separate you can do that, but you have to be purposeful about it. As in those assets can never be legally entangled with shared assets. And in some cases it might even be worth getting said asset out of your name and into the name of someone you trust if it is that big an issue.
If you have assets prior to marriage and you want to keep them separate you can do that, but you have to be purposeful about it. As in those assets can never be legally entangled with shared assets. And in some cases it might even be worth getting said asset out of your name and into the name of someone you trust if it is that big an issue.
All debts and assets accrued during the marriage are considered shared. The two exceptions in my state are inheritance (presuming said inheritance is held separate from family assets) and student debt unless there is proof said debt was used for family expenses.
These two exceptions make sense to me. Especially the student debt one.
well the majority of the money that we used to start the business was from an inheritance(60/40) that didn't save him either.These two exceptions make sense to me. Especially the student debt one.
So sounds like your step-mom was just not willing to be fair/reasonable. That sucks and it really didn't have to go down like this. Don't know why they couldn't have agreed on a valuation for the business/valuation for the house and put a total number on it. Then if the business was valued higher your dad could have paid that out as a settlement over 10 years or something w/balance to be paid to her heirs if she passed before it was paid out.
basically this. she wanted no part of fair and easy and that is pretty close to what he was offering from the start. once this started he just wanted it over so he could move on. so much for that.This other story - he should totally fight that. Don't know how he got saddled with her student debt if she got it in her name. If she forged his name on credit card applications I think he would have grounds for criminal charges. If that is so he could file charges to get the debt moved to her or get her imprisoned. At the least it would give him serious leverage if he wants to have custody of the kids. If she really doesn't want them she might be willing to sign over custody to him and give up the child support in exchange for him not pressing charges on the forgery.
he's pretty confident everything will work out for him in this regard. but odds she ever gets punished for anything is slim to none. it's already illegal to be married to more than one person and there is ironclad proof of this happening with her that was revealed in court.MuscleTech Supporter
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09-11-2018, 12:16 PM
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#89
- Bracket199
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- Bracket199
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Originally Posted By Mumra⏩
Fair enough - about the bankruptcy.well it happened so I don't know what to tell you. there is no "law" in divorces as to who gets what and why. some states have legal precedence that the judges will follow but that's about it.
He grew up in the industry with his dad but more so than I did. I came into it in my mid 20s while he was working for his dad when he was a kid.
she was a teacher before "retiring" about 10 years ago.
bankprut is a strong word that I didn't use. there is a little money that was in their account but that was just basically enough to get by for a few months. but retirement funds were 0.
He grew up in the industry with his dad but more so than I did. I came into it in my mid 20s while he was working for his dad when he was a kid.
she was a teacher before "retiring" about 10 years ago.
bankprut is a strong word that I didn't use. there is a little money that was in their account but that was just basically enough to get by for a few months. but retirement funds were 0.
How does your father not have anything in retirement? How does she not have anything in retirement?
Originally Posted By Mumra⏩
You also responded below my question with "didn't help my dad", but your opening statement to this thread was discussing how you worked for him to build this business. What do you mean by this?they had a house, no savings because she spent it all on vacations that she took literally once a month for 3-4 days or mare at a time. he also had a business that I was a key part in since the beginning(2008). I gave up my nights, weekends and 90% of my social life for 10 years while working a 50+ hour a week job.
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09-11-2018, 12:16 PM
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#90
Originally Posted By Mumra⏩
This sounds like typical southern retardationI may have mentioned this but I can't find it and felt it deserved it's own thread.
my dad got married to his second wife about 28 years ago. long story short she wanted a divorce about a year and a half ago. it was just finalized in August this year.
they had a house, no savings because she spent it all on vacations that she took literally once a month for 3-4 days or mare at a time. he also had a business that I was a key part in since the beginning(2008). I gave up my nights, weekends and 90% of my social life for 10 years while working a 50+ hour a week job.
so he offers her the house and monthly payments that would more than cover the rent and general bills of the house for the rest of his life. his only request, to keep the business. but what did the feminist judge decide when she was presented with this? her exact words, "I don't care about the details. I just want to know what the total assets are so I can split them.". as a result he was forced to sell the house and split that. then also sell the business which had only really became profitable in the last 3-ish years. and as you could imagine once word gets out that the business MUST be sold due to court order you're not going to get top dollar. so basically they had to sell everything and split the cash.
You might be thinking, "well that's not so bad. splitting everything after almost 30 years isn't the worse thing. what is this yahoo talking about?".
so not only is this 63 year old man forced to sell his business but he has to pay ALIMONY for the rest of his life. of course he has no job now and the market for 60+ year old former business owners isn't exactly in high demand. so essentially unless he can earn an income to pay his expenses and alimony she'll be effectively getting everything minus what he spends before he dies.
that's right folks. she stripped him of his way to earn a living and she's getting paid for it. No income plus paying alimony. he gets screwed out of his life's work/savings and I have the last 10 years and my future plans burnt to the ground with nothing to show for it. all because of the feelings of a woman.
marriage not even once. risk everything to gain nothing or lose everything.
my dad got married to his second wife about 28 years ago. long story short she wanted a divorce about a year and a half ago. it was just finalized in August this year.
they had a house, no savings because she spent it all on vacations that she took literally once a month for 3-4 days or mare at a time. he also had a business that I was a key part in since the beginning(2008). I gave up my nights, weekends and 90% of my social life for 10 years while working a 50+ hour a week job.
so he offers her the house and monthly payments that would more than cover the rent and general bills of the house for the rest of his life. his only request, to keep the business. but what did the feminist judge decide when she was presented with this? her exact words, "I don't care about the details. I just want to know what the total assets are so I can split them.". as a result he was forced to sell the house and split that. then also sell the business which had only really became profitable in the last 3-ish years. and as you could imagine once word gets out that the business MUST be sold due to court order you're not going to get top dollar. so basically they had to sell everything and split the cash.
You might be thinking, "well that's not so bad. splitting everything after almost 30 years isn't the worse thing. what is this yahoo talking about?".
so not only is this 63 year old man forced to sell his business but he has to pay ALIMONY for the rest of his life. of course he has no job now and the market for 60+ year old former business owners isn't exactly in high demand. so essentially unless he can earn an income to pay his expenses and alimony she'll be effectively getting everything minus what he spends before he dies.
that's right folks. she stripped him of his way to earn a living and she's getting paid for it. No income plus paying alimony. he gets screwed out of his life's work/savings and I have the last 10 years and my future plans burnt to the ground with nothing to show for it. all because of the feelings of a woman.
marriage not even once. risk everything to gain nothing or lose everything.
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