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General Chat This forum is for discussing anything that doesn't fit into another forum, or for discussing things that are off topic, or just for general venting.

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  #81 (permalink)  
Old 11-07-2014, 06:09 PM
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Some women (people I should say) are also pretty "in love" with being able to say they are Mrs. bigbusinessman's wife. I know it sounds corny but it is the reality for many women who have never had a career outside of the home. Also keep in mind that friends of your wife, and family members, might think the two of you are worth much more than you really are and are encouraging her to go for your balls. Keep this in the back of your mind when considering things.
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Old 11-07-2014, 06:10 PM
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Actually... If YOU have to keep an asset intact in order to continue income that you both live off, it seems perfectly reasonable to me that SHE should also accept delay in cashing out this asset. Which basically takes the business out of the equation in terms of the immediate equalization payment.
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Old 11-07-2014, 06:19 PM
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Exactly. I cannot see why they would not accept this. If they force sale of business now I am screwed. My cash flow will not support payment. If they consider this then I may be able to hang onto cherished cottage with a big mortgage. Would have to live with siblings or father for a while. It is something to think about. Can anyone crunch #s. Happy to share them.
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Old 11-07-2014, 06:22 PM
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Wow. I need someone to play devil's advocate before I get into this idea too deep. To go work for someone else would cut my pay in 1/2 basically. Surely they realize I cannot pay big SS without co.
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Old 11-07-2014, 06:23 PM
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See I knew we had some intelligent brains on this forum ^

Much depends upon the nature of the business. Is it a one-man show that can be shut down, sold off and can he realistically continue on in a new business with 1/2 of the assets of the previous business?

Much for him to consider with the expert advice of an accountant and lawyer hopefully before he makes a formal offer to settle.
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Old 11-07-2014, 06:24 PM
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I'm no financial wizard so I will defer the discussion now to others who are.

Good to see you thinking about things and knowing there very well may be a light at the end of the tunnel.

Good luck.
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Old 11-07-2014, 06:24 PM
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Maybe I am in a dream world. No more dreaming. Reality is what rules.
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Old 11-07-2014, 06:30 PM
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I see where you are going Arabian. I do not think this is possible. I am male just to clear up conversation. I suppose your thought is accurate but no. No reopening with 1/2 the assets. There would be a non compete if business was sold I expect. Lots of food for thought though.

Your comments indicate you are not familiar with thread or I am not presenting the situation correctly.

Last edited by Craigerst; 11-07-2014 at 06:32 PM.
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Old 11-07-2014, 09:49 PM
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Pretend you were a judge, what would you do?

They will equalize all the assets and keep the company intact. Just because you are ordered to pay her an amount you won't necessarily have to pay her right away. They will just charge you interest on the amount.

They want to make sure you continue to earn as much money as possible to pay support payments.
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