You’ll Pay if You Delay!
In a June 24, 2015 decision from the Fifth District Court of Appeals regarding a Delaware County, Ohio case, the Appellate Court found the trial court did not make a mistake when it ordered a former husband to pay to his former wife some of the interest owed on her line of credit, which line of credit she had refinanced into her own name per the court’s order. The evidence showed that the former husband had failed to timely sign documents to help with the refinance! His delay increased the wife’s interest rate by 1.50%.
The lesson learned: in the heart of a divorce, and even afterwards, emotions run high…but following court orders must override those emotions or you may have to pay.
Here’s the case…Gunawardena Case