Discretionary review was granted in Rice v. Rice, a 2-1 unpublished opinion of the Court of Appeals affirming classification of debt as marital and dividing it equally. The husband had amassed $65,000 in debt for the benefit of the parties’ adult son, some of which was for luxuries, all without the knowledge of his wife.Read More
ALLISON V. ALLISON DIVORCE: MARITAL/NONMARITAL CHARACTERIZATION OF PROPERTY AND DEBTS; ATTORNEY FEES 2006-CA-001967. PUBLISHED: AFFIRMING IN PART AND VACATING IN PART AND REMANDING PANEL: BUCKINGHAM, PRESIDING; THOMPSON AND HENRY CONCUR COUNTY: FAYETTE DATE RENDERED: 02/15/2008Read More
The New York Times last Sunday featured an article about people who blog about their debt. What made the topic most interesting was the post at Credit Slips which describes itself as a blog on all things about credit and bankruptcy. We are six academics who will use this space to do what we like...Read More
The San Francisco Family Law Blog reprints an article from Gannett, Till Debt Do Us Part. “Which financial issues most often cause strife? Spending too much and saving too little, according to couples who responded to a USA TODAY/CNN/Gallup Poll in March….Making matters worse is that couples don’t talk much about money before committing to...Read More
Gomez v. Gomez, 168 SW3d 51 (KY. App., 2005) Hospital based medical practice valuation which included no goodwill value was reluctantly affirmed because, while capitalization of excess earnings method is an acceptable approach, the trial court is not required to use this method and trial court ruling as to valuation will not be disturbed unless...Read More
Dobson v. Dobson, 159 SW3d 335 (Ky.App., 2004) Spouse granted innocent spouse relief by the IRS is not entitled to res judicata and trial court assignment of tax deficiency 40% to innocent spouse was upheld. Tax audit has uncovered a tax deficiency, but trial court reasoned that the parties benefited from the lower tax burden...Read More
