Yes, you can do a short sale where the owner has a lot of assets or a lot of cash. The issue becomes what is available to satisfy any deficiency that may be there. And then it’s our job as your attorney to negotiate that deficiency to a small amount as possible. If there’s for example, $150,000 deficiency, you may be asked to contribute $5,000, $6,000 to that deficiency.
How Business Ownership Is Handled in Divorce
For business owners, divorce can present unique challenges that go far beyond dividing bank accounts and household property. A closely held business, professional practice, partnership interest, or family-owned company may represent one of the most valuable assets in...