- 4 -
In late March of 1993, shortly after the divorce, petitioner
received the $235,000 cash payment that was due under the
agreement.
In March of 1994, however, petitioner did not receive the
first $30,000 installment payment due from her ex-spouse.
Petitioner then requested the Superior Court of New Jersey
Chancery Division of Monmouth County to issue an order compelling
petitioner’s ex-spouse to pay petitioner this delinquent $30,000
installment payment plus interest and attorney’s fees. Pursuant
to a June 24, 1994, court order, petitioner received from her ex-
spouse $41,649, of which $30,000 was denominated as principal,
$1,015 was denominated as attorney’s fees, and the remaining
$10,634 was denominated as accrued interest.
The $30,000 installment payments due from petitioner’s ex-
spouse in each of 1995 and 1996, plus amounts denominated as
accrued interest, were received by petitioner as due.
In summary, petitioner received the following payments from
her ex-spouse under the property settlement:1
Amounts Denominated Amounts Denominated
Year As Principal As Interest
1993 $235,000 $ -0-
1994 30,000 10,634
1995 30,000 6,000
1996 30,000 4,950
1 Not shown in the schedule is the $1,015 that was denominated
as attorney’s fees that petitioner received in 1994.
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Last modified: May 25, 2011