Griggs v. Griggs

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March 10, 2023

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1731 Electrical Work
238210 Electrical Contractors and Other Wiring Installation Contractors
marital dissolution/divorce
divorce, capitalization of earnings, cash flow, discovery, marital estate, property division, accounting, net income, paycheck protection program (PPP), trial court
Griggs v. Griggs
2023 Vt. Unpub. LEXIS 18; 2023 WL 2473542
United States
State Court
Vermont
Supreme Court
Reiber, Eaton, Jr., Carroll

Summary

The husband appealed this Vermont divorce case to the State Supreme Court inter alia to challenge the inclusion of PPP loan proceeds by the wife’s expert in determining the cash flows of the husband’s electrician services business for purposes of determining a value of the business using the capitalization of earnings method. The Supreme Court affirmed the lower trial court on this issue and allowed the PPP proceeds to be included in the cash flows.
Griggs v. Griggs
PDF, Size: 172 KB

See Also

Vermont Supreme Court Allows Inclusion of PPP Proceeds in Cap Earnings Cash Flow for Determination of Value

Court Case Digests
March 10, 2023

The husband appealed this Vermont divorce case to the State Supreme Court inter alia to challenge the inclusion of PPP loan proceeds by the wife’s expert in determining the cash flows of the husband’s electrician services business for purposes of determining a value of the business using the capitalization of earnings method. The Supreme Court affirmed the lower trial court on this issue and allowed the PPP proceeds to be included in the cash flows.