Husband’s Business Interests Properly Valued As “Zero”.

In the case of Patel v. Patel, the Virginia Court of Appeals, in a published opinion, upheld a trial court’s decision that husband’s interests in various companies should be valued at “zero” instead of giving the interests a negative value even though the companies’ debts exceeded their assets at the time of trial.  Just because the companies’ debts exceeded their assets at a given point in time did not mean that the companies had a negative value or that the companies were incapable of generating profits or that they did not have a positive cash flow capable of paying off any debt, but, instead, it merely showed that at the time of the valuation the companies had more debt than assets.

-Rob Hagy, Charlottesville Divorce Lawyer.  For help, please call me at (434)293-4562 or email me at rob@robhagylaw.com