4.19.2007

CASH NOT ALWAYS YOUR FRIEND

Sometimes paying in cash is not always the best way. I have a client who as part of a Judgment of Divorce was to give an account to the other party. She was on the verge of Bankruptcy and my client gave her $5,000 in cash. The problem is that the now she is claiming that he never gave her the account as called for in the Judgment which is correct.

Since he didn't pay her by check he has no proof that he paid her. If she needed cash he should have used a money order or made the check out to cash noting that it was in lieu of the account awarded by the Judgment of Divorce.

Sometimes you have to prepare for proof in a court of law and cash can be your enemy.

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