James Michael Edenfield vs. Kara Leigh Cooper Edenfield

The chief point of contention in this bitterly fought divorce case involves the valuation and disposition of a one-half interest in a service company which the husband and his business partner founded and worked for during the marriage. Both parties had asked the court to award the husband the share of the business, and the wife had asked the court to award her the monetary equivalent of one-half its value. Instead, the trial court awarded the business to the wife, together with all the debt associated with it. The wife argues on appeal that actions by the husband rendered the company valueless and the distribution of property and debt was, consequently, inequitable. Because we find that the business had no value apart from the efforts of its principals, we modify the valuation of property and allocation of debt. Because of the modification, we remand the case to the trial court to reconsider the question of attorney fees.