Arizona couple's $305,800 business valuation upheld in divorce dispute
An Arizona couple, married in 2016, built three businesses before filing for divorce in 2023. During the divorce, the husband disputed a business valuation and claimed loans as marital debt. The court found his loan documentation lacking credibility and upheld a valuation of $305,800. After a trial, the court awarded businesses to the wife and denied the husband's claims about wasted funds.
An Arizona couple's three businesses were recently upheld by an appeals court in a complex divorce dispute. The husband contested the $305,800 valuation of one company and the $95,000 in alleged loans, but the higher court rejected his arguments. The couple, married since September 2016, built the businesses together during their marriage.
The wife filed for divorce in December 2023, and a trial court ruled on the division of assets, businesses, and debts. The husband appealed the decision, representing himself, and claimed the expert's valuation was biased. However, the appeals court found the expert's analysis credible and upheld the lower court's ruling. The court also rejected the husband's request to split the personal loans equally, finding the documents presented insufficient.
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