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Solicitor sues own firm for bad divorce settlement

The true value of an asset can only be established by putting it to the market, no capable property professional would give an absolute valuation on a fixed asset prior to public auction. I can assure you that many properties are sold for more than anyone would ever expect and some for much less. We all know company valuations can be improved to attract investment or loans, every casual enquiry can be put on the books as a client , bad debts can be booked as assets etc. I know of one failed practice that booked its lease cars as assets only to the dismay of the bailffs sent to pick them up. So put the firm up for sale and see what you get which may be more than its worth.

23-Apr-2010

11:09 am