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
The information provided is for general information and does not form an attorney-client relationship. See our .Bill HenryFounding Partner | 18 years of experience
Bill HenryFounding Partner 18 years of experience
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.
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