Koutroumanos v. Tzeremes

OPINION

A husband’s imprudent investment practices resulted in a credit card debt of approximately $77,000, while the investment account itself, once worth $300,000, diminished in value to only $7,700 at the time of divorce. In an award of equitable distribution, the Family Court awarded the $7,700 to the wife, and assigned the entire debt to the husband; all other assets were divided equally. The husband now challenges the Family Court order distributing the marital estate and awarding alimony and counsel fees.

The parties were invited to appear before the Supreme Court to show cause why the…