Assumption: "Money a business owner loses or writes off inside the company is none of the court's business."
1 min readThis content reflects observational insights and lived community experiences. It does not constitute legal advice — always consult a qualified professional for your specific circumstances.
What People Expect
People assume decisions made inside a company, such as loans that are later written off, have no bearing on the financial remedy outcome.
Court Reality
Even where it is not treated as misconduct, a history of large write-offs can count against asking the other party to wait years for their share, because of the risk of further losses before they are paid.
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The Gap?
"Money a business owner loses or writes off inside the company is none of the court's business."
Court Reality
Even where it is not treated as misconduct, a history of large write-offs can count against asking the other party to wait years for their share, because of the risk of further losses before they are paid.
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