IRM Morales

Legal

Separation Agreement Signed

8/20/2010

1st Payment of $225k Due

10/23/2010

Respondent Defaulted

2nd Payment of $230k Due

1/23/11

Respondent Defaulted

Initial Contempt Filed

3/22/11

Court Strongly Inclined to Assign Property Interests to Petitioner

2/16/12

See Transcript - Judge Russell

Petitioner Receives Letter from IRS

4/13/12

Contempt Hearing Continued

5/2/12

Second Letter from IRS - $71,000 in Backtaxes

7/13/12

Nothing Done to Protect Petitioner from Tax Liability

Petitioner's Amended Complaint

7/23/12

North Academy Property

Tom Fellows Appraisal ($1.1M - $1.9M)

11/16/09

North Property at $1.1M-1.9M
South Property at $790,000 - $880,000

Respondent Claims 51% Ownership

11/16/09 - 8/20/10

Stipulation that Respondent is 100% Owner in North Property

7/18/11

Legacy Bank Files Complaint for Failure to Pay Mortgage

3/27/12

Stipulation that Respondent will Provide Documentation of 100% Ownership

5/2/12

South Academy Property

Tom Fellows Appraisal ($790,000 - $880,000)

11/16/09

Accounting

Respondent to Pay Petitioner $455,000

8/20/2010 - 9/1/2011

Respondent to Pay Petitioner $405,000

09/01/2011 - 2/16/12

Respondent to Pay Petitioner $345,000

2/16/12 - Present