Ausman v. Ausman

1. Division of property. The family assets and liabilities are as follows:

Assets:

Equity in home ($11,500 value less $6,206.72 mortgage debt) $5,293.28

Furniture 2,500.00

Truck 800.00

Balance receivable on Reedy note (from sale of jewelry store) 7,548.50

Escrow fund (from sale of jewelry store) 5,036.75

Light Guard business 600.00

Accounts receivable — Light Guard business 200.00

Insurance — cash value ($150 each) 300.00

Mr. Ausman’s bank account 202.00

Chevrolet (encumbered to its full value) -

Total assets $22,480.53

Liabilities (other than mortgage on home and Chevrolet):

Owed to Mr. Ausman’s mother…