Nashville woman’s income fell by $17K mid-divorce. Ramsey Show hosts share how to get through a major income loss
Yahoo Finance·2025-12-08 12:00

Core Insights - A Nashville woman, Joy, is experiencing financial distress due to being locked out of a manufacturing business she co-owned with her husband during a divorce, reducing her income from approximately $20,000 a month to $2,500 in support while awaiting legal resolution [1][2] Group 1: Business Ownership and Control - Joy's husband allegedly took control of the business after she left due to claims of abuse, blocking her access to bank accounts, payroll, and operational control despite the company being a 50/50 LLC on paper [2] - The situation highlights the vulnerability of individuals in shared business ownership during personal disputes, emphasizing the need for legal protections [2] Group 2: Legal Representation and Financial Advice - The hosts of The Ramsey Show advised Joy to seek better legal representation, indicating that her current attorney was inadequate for her situation [3] - They recommended that Joy pursue temporary financial protections and challenge her exclusion from company operations, stressing the importance of having an attorney who understands her rights as a 50% owner [3] - The advice provided underscores the necessity for high earners in business partnerships to secure strong legal guidance early in the event of marital issues [3]