- - Nashville woman’s income fell from $20K to $2.5K after she was locked out of her business mid-divorce. Ramsey hosts explain how she can get through it

Emma Caplan-FisherDecember 29, 2025 at 4:00 AM

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Jade Warshaw and George Kamel of The Ramsey Show give advice to a woman who has been locked out of her business during a divorce.

When a married couple builds a thriving company together, it can feel like safe, financial security. But one Nashville woman is now living with the opposite.

Joy once earned around $20,000 a month from a manufacturing business she co-owned with her husband. But now, during a bitter divorce, she says she’s been completely locked out, reduced to $2,500 a month in support while awaiting legal resolution.

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On The Ramsey Show, Joy described how her husband allegedly shut her out of the business after she left following claims of abuse and control. She recounted that “He just… started taking over everything,” then accused her of embezzlement and blocked her access to bank accounts, payroll and building entry (1).

Though the company remains a 50/50 LLC on paper, Joy no longer receives pay and has no operational control; she says she “can’t even get unemployment.”

Situations like Joy's are more common than you might think. Here’s what the Ramsey hosts had to Joy, and what others who share a business with their spouse can do to protect themselves.

Ramsey Show hosts say to get a good lawyer

The Ramsey hosts didn’t mince words about Joy’s situation. After hearing she was a 50% owner who had been locked out of the business and left with just $2,500 a month, they told her the immediate problem wasn’t only budgeting, it was representation. “Your attorney sucks,” host Jade Warshaw said. “If this is the status quo, you need somebody else.”

They urged Joy to push harder for temporary financial protections rather than wait months for mediation. Because her income has disappeared while fixed expenses remain, the hosts said she needs a lawyer who will advocate for interim orders, challenge her exclusion from company operations or pay, and fight delays that leave her financially exposed. As Warshaw put it, Joy should have an attorney “that understands that you’re the one with the upper hand, not him.”

The hosts also stressed short-term survival: covering essentials, generating side income and preventing further financial erosion. But they made clear that no amount of budgeting will resolve the deeper issue. As George Kamel asked, “If you’re 50/50, you have just as much power as he has. So why is he holding all the cards?” Their advice underscores the broader lesson for high earners: when business and marriage mix, securing strong legal guidance early can be as critical as any financial plan.

When marriage and business collides

The hosts’ warnings point to a larger issue that affects many couples who build companies together: when your income is tied to both your spouse and your business structure, a breakup can quickly turn into a financial crisis.

Experts note the sheer necessity of planning for a worst-case scenario. And as Mills Family Law warns, particularly, "The breakup of a marriage or common-law relationship can have serious implications for a high-net-worth business.” (2) Without legal agreements governing what happens in a breakup (such as a prenuptial agreement, buy-sell agreement or operating agreement specifying controls and exit terms), one partner may end up with unilateral control simply by changing the day-to-day dynamics.

The crucial lesson: treat a jointly owned business as a business, not just a marital asset. That means working with a lawyer to put legal safeguards in place from the very start.

Protective strategies often include:

A formal operating agreement or shareholder agreement that defines decision-making authority, ownership rights and what happens in the event of separation or divorce

A buy-sell agreement outlining how ownership is to be handled if a spouse exits or becomes incapacitated

Separate business and personal finances, and documentation of consistent compensation rather than reinvestment of all profits

In some states, prenuptial or postnuptial agreements can further clarify these terms. Such agreements can’t guarantee outcomes, especially in contested divorces or abuse settings, but they do provide clear documentation that can help courts preserve fairness.

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How does leaving due to abuse factor in?

While leaving because of alleged abuse alone doesn't automatically transfer business ownership or management to the other spouse, the outcome depends heavily on the business’s legal structure (LLC, partnership, corporation), state law and whether courts issue protective or asset-freezing orders.

In many cases, courts treat businesses as marital property until the divorce is resolved and may delay major business decisions until assets are equitably divided.

That said, U.S. family courts can order a one-sided shift of business control (via a court-appointed “receiver”) when a marital business is at risk, even before final divorce resolution. For example, as Ladd Hirsch of Diamond McCarthy LLP points out, if one spouse “Is wrongfully taking assets of the business, e.g., directing the business to pay personal expenses.” (3)

Likewise, the Michigan Bar Journal states, "In divorce actions, receivers can be appointed to preserve marital property pending a property division,” particularly when a family business is involved and “management or control of the business is unclear.” (4)

Joy’s situation shows how vulnerable high earners can become when a shared business and a marriage unravel at the same time. For many, getting guidance from a qualified professional before problems arise is the most reliable way to protect yourself if your personal and business worlds ever collide.

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Article sources

We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.

The Ramsey Show Highlights (1); Mills Family Law (2); Diamond McCarthy (3); Michigan Bar Journal (4)

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Original Article on Source

Source: “AOL Money”