Freezing Diverted Funds in a Family Business Divorce

A husband and wife had built a successful family business over decades. During divorce proceedings, the husband quietly removed the wife’s name from corporate records and bank accounts. He then sold a principal business asset and began transferring the proceeds into a separate entity the wife did not control.

The wife contacted us after being effectively locked out of the business she helped build.

Time was critical. Rather than allowing funds to disappear, we immediately filed an action challenging the asset transfer and sought to freeze the proceeds. Because the funds were connected to marital and corporate assets, we were able to secure court intervention and attach the money before it was dissipated.

This was not merely a divorce issue. It required aggressive business litigation strategy. A family law attorney may have advised patience. Instead, early action allowed us to preserve the assets and protect our client’s position before permanent damage occurred.

Moving quickly and understanding the intersection between corporate law and divorce litigation made all the difference.

 

Contact Information
2121 Ponce de Leon Boulevard, Suite 550 Coral Gables, Florida 33134
Mon - Fri: 9.00 am - 5.00 pm
info@sflblg.com

Copyright © 2022 South Florida Business Law Group · All Rights Reserved.

Copyright © 2024 South Florida Business Law Group · All Rights Reserved