Is the Bollea (Hulk Hogan) divorce a strategic move to shield assets?

Earlier on this blog, I discussed the issues surrounding guardianship arrangements for John Graziano. Graziano was severely injured in a car accident with Terry Bollea’s son, Nick Bollea, at the wheel and is now fully incapacitated.

While the attorneys for John Graziano’s parents reached an agreement giving Debra Graziano guardianship over her son, new developments on this case center on Terry Bollea’s controversial divorce in light of the pending law suit.

Tamara El-Khoury, Lawyer: Is Bollea divorce a ruse?, sptimes.com, Nov. 27, 2007 reports that:

The divorce petition seeks a split of the couple’s assets, including a Belleair mansion and Clearwater Beach home with combined assessed values topping $7.9-million. ***

[A] divorce could be one step the Bolleas could take to try to protect assets. That’s because it could cut Terry Bollea’s assets in half, [Kimberley Kohn] said.  ***