Tom Wurtz was once a well-known figure in the American banking world. As the Chief Financial Officer of Wachovia he was very successful and well respected. Wachovia, during its glory days, was a powerful financial services company that ranked 4th in the country by assets but the giant company collapsed in 2008 which adversely affected it’s employees, share-holders, and the reputation of the city of Charlotte as a major financial hub.

Virtually all of Wachovia’s former leaders made strong come backs into the banking industry and were able to redeem their careers in other companies, most of them stayed on and became official employees of Wells Fargo after the firm bought and took over Wachovia.

All of them were right back in the grind with the exception of Tom Wurtz who was not to be seen or heard of after the demise of Wachovia. There is a lot of speculation among his former colleagues as to why Tom retired from banking, some say he had already mentioned on a couple of occasions that he would retire once he made sufficient money and others believe that the hundreds of lives affected as a direct result of Wachovia’s downfall affected Tom and disturbed him on an emotional level and caused him to reconsider his life path.

The only certainty as far as Tow Wurtzs’ life is concerned is the fact that his wife divorced him on claims that he had taken a younger girlfriend on numerous gambling trips. Other files and paperwork also show that Wurtz once considered purchasing a Jersey Mike’s sub franchise but finally decided against it. It was also reported that Wurtz gambled away hundreds of thousands of dollars. His wife and divorce attorney have refrained from making any comments.

Divorce laws in the state of North Carolina

Ask anyone that has ever experienced a divorce and they will tell you how mentally, physically, and emotionally taxing the experience is. The fact that going through a divorce involves a lot of uncertainties causes stress levels to go through the roof. According to Charlotte NC divorce attorneys, if you take some time to rationally educate yourself about the laws, it can make the whole process much more bearable as you will have a basic understanding of what is going on.

Primary divorce laws in North Carolina

Residency and filing requirements: to begin with, to be considered eligible to file for a divorce in North Carolina there are some residency and filing requirements you need to meet. Falling short of these requirements will result in the court refusing to accept the case.  The requirement laid down states that at least one of the spouses involved must have resided in the state of North Carolina for a minimum period of six months prior to filing for divorce.

Grounds for filing for divorce in NC

The application for divorce must clearly state the grounds for divorce which may be one of these two broad classifications. 1) No fault divorce: marriages may be dissolved and the parties thereto divorced from the bonds of matrimony on the application of either party, if and when the husband and wife have lived separate and apart for one year.

2) Fault divorce―a spouse must commit one of the following acts: (1) Abandons his or her family. (2) Maliciously turns the other out of doors or willful abandonment. (3) Endangers the life of the other spouse by cruel treatment. (4) Humiliates a spouse enough to render his or her condition intolerable and life burdensome. (5) Becomes an excessive user of alcohol or drugs so as to render the condition of the other spouse intolerable and the life of that spouse burdensome. (6) Commits adultery.

For answers to your legal questions regarding family or divorce law, visit www.zolotlaw.com.