Imprudent Spending on a Business May Be Recovered after Bad Faith Is Shown

Business Valuation Update BVLaw
Legal and Court Case Update
January 18, 1999
marital dissolution/divorce

William G. McDavid v. Mildred T. McDavid
No. 24882 (SC 1999)
US
State Court
South Carolina
Supreme Court
Waller

Summary

The South Carolina Supreme Court affirmed the appellate court's decision that a husband's use of marital funds to keep a failing business afloat was not an act of bad faith or marital misconduct in this divorce action. The court found that poor business d ...

See Also

William G. McDavid v. Mildred T. McDavid

The South Carolina Supreme Court affirmed the appellate court's decision that a husband's use of marital funds to keep a failing business afloat was not an act of bad faith or marital misconduct in this divorce action. The court found that poor business d ...