What to do regarding a possible fraudulent takeover of a business?
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What to do regarding a possible fraudulent takeover of a business?
I was the liquor permitee in a liquor store and half owner of this business, along with my husband and his partner, since 2006. I am going through a divorce. About 2 months ago they managed to remove my name; it appears a different ownership now. I currently live in FL and I do not have any income so I do not know how to fight this case without an attorney. Yet I know that I have a good case. What should I do? My husband and his partner are crooks and don’t want to settle with me.
Asked on March 17, 2011 under Business Law, Connecticut
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
So you hold the liquor permit in your name, correct? Then you hold the cards to their doing business. Do you have an attorney for the divorce? because the permit and the ownership are marital assets for distribution in the divorce. And your husband can not dissipate the asset - transferring ownership is dissipating an asset - so you can apply for an injunction and to void the transfer. Now, the permit is not tranferrable, meaning that it has to remain in your name. So if you so choose you can use this as a bargaining chip. You really do need help legally with this and fighting it yourself from Florida will be too difficult. Try and find a legal clinic or someone who can help you pro bono. Good luck.
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