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Fault-based divorces have fallen into ill favor and disrepute in most jurisdictions in the United States, thus reflecting the changing social attitudes toward gender roles. As a result, many jurisdictions have adopted 'no-fault' grounds for divorce, making divorce a generally less acrimonious event. But jurisdictions across the United States have maintained a split in how they have handled the concept of fault and alimony determinations. Currently, only 20 states do not consider the concept of fault or marital misconduct when making alimony determinations. Contrary to same, 22 states continue to allow consideration of fault when determining alimony awards.
An ex-wife who was awarded all of the martial assets in a bitter divorce was nevertheless unable to take possession of those assets because they were part of the ex-husband's bankruptcy estate. A federal appeals panel so held, reasoning that because the matrimonial judgment was docketed after the filing of the Chapter 7 petition, the marital assets remained part of the bankruptcy estate subject to distribution by the bankruptcy court.
Just in case the transaction you've just documented using your standard lease forms is not a 'lease,' you've included a granting clause in the form and filed UCC 'notice' filings. So, you've protected the lessor from a re-characterization risk (<i>i.e.,</i> that the transaction is deemed not to create a 'lease' under commercial law) — right? Well, maybe not.
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