Articles Tagged with Divorce

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7th Circuit Court SealTrentadue v. Gay, No. 15-3142 (7th Cir. 2016)

7th Circuit Court of Appeals

In May 2013 a Wisconsin Court determined that Trentadue committed “significant over‐trial” and ordered that he contribute $25,000 toward his ex‐wife’s Attorneys’ fees. In support of its finding the Court noted that “Trentadue’s desire to ‘win’ resulted in additional legal fees for his ex‐wife” and directed Trentadue to make payments directly to his ex‐wife’s lawyer. Trentadue appealed the ruling to the Wisconsin Court of Appeals. The Court of Appeals agreed with the Trial Court, and the Supreme Court of Wisconsin denied a further appeal.

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In re Meier (Ch. 11) )(Nov.24) 14-10105 ND IL ED (J.Schmetterer)

The Facts

Bob and Martha Meier divorced and entered into a Marital Settlement Agreement (“MSA”) that provided for $4 million in maintenance payable in monthly installments over 10 years; plus a $400,000 property settlement. Bob filed for Chapter 11 sometime later and Martha filed a proof of claim (“PoC”) in the case seeking the rest of her $4 Million as well as the $400K as a “priority as a domestic support obligation” per 11 U.S.C. §507(a)(1)(A).

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Lopsided divorce settlement shortly before a husband’s bankruptcy filing did not amount to a “fraudulent transfer” of assets: ex-wife keeps it all!

Bankruptcy: In re Kimmell, 10 B 36039

Adversary: Trustee v. Kimmell, 10 A 2174

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