geekmom
recently joined
Reged: 07/07/09
Posts: 2
|
|
My STBX and I have just separated and I'm going to go see a lawyer/mediator tomorrow morning. We are amicable so far and I don't think we will end up with a contested divorce. We have 2 children, but are planning on some kind of split custody arrangement for them, so that should not be a sticking point.
<Big breath here> The main thing I fear is the finances. 3 years ago, I found out that he was mismanaging our finances. He was using credit cards to pay some bills, then opening new ones I didn't know about. I took over the finances at that point, got us into a debt management program, and have been struggling ever since to try to fix the damage. Our credit scores are both in the toilet to the point I had to have my parents co-sign on my new apartment lease. It's pretty bad.
Now, with us separating, I'm not sure how he is going to afford the house payment. For my part, I have $37 to my name until my next paycheck. I know I will likely end up with a lot of debt out of this, but can his actions be taken into account? I have done nothing but try to fix this mess since I discovered it. I'm really hoping that bankruptcy is not my only option here. 
|
Yes_Dad
Carpal \'Tunnel
Reged: 08/23/08
Posts: 7406
|
|
It's joint marital debt, one of the bad things about marriage. Check if your state is equitable distribution and perhaps you can work something out that way
|
geekmom
recently joined
Reged: 07/07/09
Posts: 2
|
|
Yep...I looked into it and yes, my state has equitable distribution, so the fact that I worked so hard to get my career back on track and earn nearly as much as he does will count against me. I'm going to meet with a bk attorney and see what my options are.
|
losingfaith
addict
Reged: 01/26/09
Posts: 650
|
|
how does you earning more count against you
I'm confused?
--------------------
Standing above the crowd he had a voice that was strong and loud
|
Yes_Dad
Carpal \'Tunnel
Reged: 08/23/08
Posts: 7406
|
|
Quote:
how does you earning more count against you
I'm confused?
I think that was just a comment in general. Unfortunately, speaking from experience, her husbands mismangement of funds, while they were married qualifies it as a joint debt. It sucks but it's true.
And even WORSE example was mine, where my ex and her mother took out a Chase card with a limit of $10K which her mother used as cash advanced for gambling. My name was no where on the card. Wife declared BK WITHOUT my knowledge. ex-MIL couldn't care less about the debt. Guess who they came after.....me...
|
|
0 registered and 1 anonymous users are browsing this forum.
Moderator:
Print Topic
|
Forum Permissions
You cannot start new topics
You cannot reply to topics
HTML is disabled
UBBCode is enabled
|
Rating:
Topic views: 2665
|
|
|
|
|
|
UBB.threads™ 6.5.1.1
|
Easily Connect With a Lawyer or Mediator
Have Divorce Professionals from Your Area Contact You!
|
|
|
|
|
The information contained on this page is not to be considered legal advice.
A local counsel or professional should always be consulted in regards to any legal matters.
"a passion for a better divorce℠" - established in 1996
© 1996 - 2013 Divorce Source, Inc. All Rights Reserved.
Previous
Index
Next
Threaded
Edit
Reply
Quote
