Kermit the Frog and Miss Piggy are one of a number of celebrity
couples who have recently announced their separation.
In a joint statement, released Tuesday 4 August 2015, Kermit
said "After careful thought, thoughtful consideration and
considerable squabbling, Miss Piggy made the difficult decision to
terminate our romantic relationship."
Whilst this is a publicity stunt, it does focus attention on
what happens when couples separate, and have a joint business or
enterprise from which they both derive income.
It is often the case that parties have a small business
together, and upon separation, there is a dispute as to who, if
anyone, keeps the business.
The court won't make a decision as to who keeps the
business, should there not be an agreement, and will simply order
the business to be sold and the proceeds divided in accordance with
the principles of the Family Law Act. Alternatively, if one person
keeps the business, it's likely that it will be considered a
financial resource, and taken into account when dividing the other
assets and liabilities.
The courts are generally reluctant for parties, if they hold
joint assets, including the business, to continue those
interactions moving forward. The Family Law Act itself indicates
that the purpose of court intervention is to resolve all property
matters between the parties – not to make them financially
dependent on the other.
Whilst Miss Piggy and Kermit will continue to work together on
their television show, this level of communication and interaction
will undoubtedly be difficult and the Courts are at pains to reduce
this type of dependence.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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Sect.117 can deal with false statements and knowingly making false allegations of violence could justify a costs order.
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