Commercial property

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I bought a commercial property thru bank lender and a sba loan…i had a business in my name ….years later my husband then opened a business in his and slowly moved all moneis amd clients to his…but bank lender said he would have needed to have approved him for a loan to move commercial property to my husbands new business…it stayed like that for a few years but then we got divorced a few years ago…and he has made the payments the last years since his business work out of property….my question is do i own a percentage of it

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Posted by Anonymous
Asked on September 24, 2020 2:14 pm
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It’s possible, but without more information regarding the divorce and the ruling or settlement there is no way to know. The court may have ruled, or you and your ex-husband may have agreed to a division of the business. Depending on what happened, you may own a percentage of the business, you may be able to go back to court for a modification of the ruling/separation agreement, or you may not have any options at this point. The separation agreement will likely hold the answer to your question.

I would suggest speaking with an attorney, so they can review the separation agreement and discuss your options. You can schedule an assessment online 24/7 by going to go.oncehub.com/rhbooknow or calling us at 303-688-0944. Most assessments are free.

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Posted by Bill Henry (Questions: 1, Answers: 75)
Answered on September 24, 2020 2:36 pm