Category Archives: Buyouts

The Intersection of Business Divorce and Marital Divorce

On occasion, the worlds of business divorce and marital divorce intersect. One such case is In re Marriage of Schlichting, 2014 IL App (2d) 140158 (2014). There, the divorce court was dividing the marital property of Larisa and Bruce Schlichting, … Continue reading

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Buyouts at Fair Value, Not Fair Market Value

Under the Illinois Business Corporations Act, the shareholder of a closely held corporation with certain grievances may seek involuntary dissolution of the corporation. (See my prior post on the grounds for dissolution.)  However, instead of dissolution, the court may order … Continue reading

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