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Home / News Stories / Company’s receivable not an asset for ED (access required)

Company’s receivable not an asset for ED (access required)

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 court reversed ...