In Re Marriage of Ondrasek v. Ondrasek
Generally, value of interest in professional partnership is consequences of withdrawing, such as a buy out agreement. Here, where there was no agreement, court must consider the accounts receivable.
Generally, value of interest in professional partnership is consequences of withdrawing, such as a buy out agreement. Here, where there was no agreement, court must consider the accounts receivable.
Discount for lack of control was proper.
Husband’s testimony alone insufficient to warrant discount factor for non-marketability and minority position. Expert opinion needed.
Accepting Bonfield’s valuation of canning business not clearly erroneous. Bonfield used weighted average earnings record and used net book value to calculate the asset value.
(1) Court did not abuse its discretion by accepting excess earnings method of valuation despite buy/sell agreement and (2) No abuse of discretion in treating accounts receivable as an asset.
Where husband offered no credible valuation of his business’s value, the court’s determination of value based on wife’s expert was not erroneous.
Trial court can modify maintenance after husband discharged property division in bankruptcy.
Discharge of a property settlement in bankruptcy does not warrant relief under sec. 806.07.
Trial court erred by reopening judgement under 806.07 to prevent dischargeability of debt .
Divorce decree ordering transfer of one-half of retirement plan via QDRO created a new interest at the moment divorce decree was entered and is non-dischargeable.