Company’s receivable not an asset for E.D.

A wife could not reopen her divorce proceeding to pursue the $1.85 million proceeds of a loan her ex-husband’s company made to his business partner. An account receivable owed to a company in which he held an interest was not an asset subject to equitable distribution, the Virginia Court of Appeals has ruled. The appeals ...

Source: http://valawyersweekly.com/2013/12/13/companys-receivable-not-an-asset-for-e-d/

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