Are Reverse Stock Splits, Gifts and Loans Considered Income for Support?

Illinois Case Marriage of Anderson Defines Income for Support

  1. The proceeds from the sale of the stock owned by her husband in a closely held family corporation;
  2. Bonus and commission income from his new employer; and
  3. Gifts and loans that her husband may have received from his parents.

Reverse Stock Split Do Not Qualify as “Net Income”

Monetary Gifts and “Loans” Considered Income

Bonuses or Commission Included as Income

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