Chicago Cubs fans may not be happy with their team's place in the standings, but there may be a sense of schadenfreude in knowing that one of the most reviled men in baseball, former Dodgers' owner Frank McCourt, is back in court. McCourt's ex-wife Jamie says she reluctantly filed suit after other approaches failed. She says McCourt understated the value of the Dodgers in the couple's property settlement.
Former professional wrestler Hulk Hogan (whose real name is Terry Bollea) and his wife of 26 years were officially divorced in July 2009. The property settlement in their divorce was recently made public because the two have a dispute over the amount owed to his ex-wife from her ownership interest in some of his businesses.
As part of the divorce process, separating couples in Lake County and elsewhere must decide how to split up their property. Divorced people often understand their property division agreements in general terms, but it is crucial they completely understand the details of what they agree to. The penalties for not doing so were illustrated recently when a high-ranking bank executive was ordered to pay $750,000 in interest after he made a divorce settlement payment, but didn't make it in compliance with his agreement.
One thing just leads to another, it seems, when it comes to the Frank and Jamie McCourt divorce and property settlement case. Earlier this week, the California judge handling the case issued a decision regarding the post-nuptial agreement the couple entered into when Frank purchased the Dodgers. In the 100-page decision, the judge lists a number of problems with the post-nup before ordering that the agreement not be taken into consideration in the property settlement.