Rodica Leu and Jonel Joca, married for 24 years, brought competing motions concerning the equalization of net family property following their divorce.
Key disputes involved the treatment of two loans from the husband's parents (one for the matrimonial home, one for a taxi licence) and the valuation of the husband's taxi licence.
The court granted the wife's motion for summary judgment, declining to rule on the enforceability of the matrimonial home loan but directing funds into court for future determination.
The taxi licence loan was assigned zero value due to the expiration of the limitation period.
The court accepted the expert's valuation of the taxi licence at $171,119 and dismissed the husband's arguments for notional disposition costs.
Ultimately, the husband was ordered to pay an equalization payment of $4,022.55 to the wife, along with $30,000 in costs.
