Money is listed as one of the top reasons couples divorce. Money problems between Ohio couples do not just end with filing for the dissolution of the marriage, however, but can continue and even escalate when it comes to dividing assets and debts, and settling on child and spousal support amounts. Former hedge fund manager, Buddy Fletcher, claims he is now broke and wants his wife, Ellen Pao and former interim CEO of Reddit, to pay him spousal support.
Once said to be worth $150 million, Fletcher lost his money from a number of lawsuits after it was discovered he squandered the money with which his investors entrusted him. Now he claims he does not even have enough money for the expense of getting a witness to court in order to provide testimony, much less to hire himself an attorney. He is currently representing himself in court proceedings.
The couple has been working toward settling their divorce for the past two years, after having been married for ten; however, there has been no breakthrough. Pao has had her own occupational legal issues, but Fletcher claims that her income has been in excess of $2 million for each of the past three years. He feels that she owes him spousal support, as he fully subsidized her ventures the first few years of their marriage. Pao’s response is that Fletcher does not want the money for immediate court-related and livelihood requirements but, rather, to help pay off court judgements against him.
More money, more problems is a common adage, and when it comes to divorce, it can be the epitome of truth. Court proceedings can take years without an organized system of providing proper forms and documents. An Ohio attorney can take some of the burden off an already stressful situation to ensure the court has just what it needs and when it is needed, for a fair resolution concerning asset and debt division and child and spousal support.
