Businesses debt awarded to same party as business

Business Valuation UpdateVol. 9 No. 4
Legal and Court Case Update
April 2003

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marital dissolution/divorce
In the Matter of the Marriage of Ashlock
186 Or. App. 212, 62 P.3d 874, 2003 Ore. App. LEXIS 119
February 5, 2003
US
State Court
Oregon
Court of Appeals
Kistler

Summary

In this marital dissolution, the court of appeals held that, as a general rule, "when a court awards a business entirely to one party, the debts associated with that business should go with that business should go with it."

See Also

In the Matter of the Marriage of Ashlock

Full Text of Court Cases
February 5, 2003

At issue is whether or not wife should pay debt on husband's business that she received no interest in.