- 7 - Listed below are the assets included in the 1995 bankruptcy estate and an indication of whether the assets, at that time, were held in the name of petitioner, in the name of Alimam, or jointly. The bankruptcy documents in evidence do not indicate whether the dollar amounts indicated for the assets reflect the estimated value or the cost of the assets. Asset Petitioner Alimam Joint Real property - Martinez, GA -- -- $320,000 Real property - Quincy, FL -- $ 35,000 -- Real property - Augusta, GA -- 183,000 -- Real property - Hilton Head Island, SC --75,000 -- Checking accounts $ 200 800 -- Individual retirement account -- -- 4,000 State retirement plan 77,000 -- -- 1993 Mercedes automobile 0* -- -- 1982 Mercedes automobile -- 7,000 -- 1984 Dodge station wagon automobile-- 500 -- 1985 Ford LTD automobile -- 0 -- 1986 Ford Thunderbird automobile -- 4,500 -- 1992 Mercedes automobile -- 0* -- Household goods & clothes -- -- 9,450 Furs & jewelry 2,000 -- -- Total $79,200 $305,800 $333,450 * Leased assets. This second bankruptcy case was closed on May 15, 1996, and the record is unclear as to the resolution of this bankruptcy case. At some point prior to 1996, petitioner learned that Alimam was having a number of extramarital affairs, including a long- term affair with a woman whom, with her child, Alimam financially supported. On July 5, 1996, as a result of Alimam’s mismanagement of the marital finances (including his failure to pay the taxes at issue herein), Alimam’s extramarital affairs, and other maritalPage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011