New Jersey investors may have heard that the founder of the well-known hedge fund Citadel LLC has filed for divorce, though it is unclear whether this will impact the firm directly. Billionaire Kenneth C. Griffin filed divorce papers on July 23, citing irreconcilable...
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Month: July 2014
Police conduct delinquent child-support raid
Police in New Jersey's Mercer County have detained 111 people on outstanding warrants for not paying child support. The warrants were served as part of a raid that took place between July 15 and July 17. To carry out the raid, officers from the Mercer County sheriff's...
Dividing a house during divorce
New Jersey couples who wish to end their relationship may wonder about staying linked together well after the divorce if they own property together. Generally, real property that is mortgaged in both individuals' names will continue to be the joint debt of both...
Assets that are subject to equitable division
In New Jersey, everything acquired by either spouse during marriage is considered a marital asset subject to equitable distribution in a divorce, with some minor exceptions. What some couples may not realize is that the marital property rule applies to illiquid assets...
Former owner of Dodgers to get $1.9 million from ex-wife
New Jersey MLB fans who are following the McCourt divorce may remember that Jamie McCourt received $131 million in a tax-free divorce settlement from her former husband Frank McCourt, the former owner of the Los Angeles Dodgers, in 2012, but part of the agreement...