Divorce Source: Fraud in excess of $40000

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Divorce Source Community Forums >> Financial Issues

Redlegg
Carpal \'Tunnel

Reged: 10/05/06
Posts: 26804

Re: I think you need to focus a bit more

08/05/07 10:28 PM

The loans may give him cash, but they are no way considered income.

"I understand that. But downward manipulation of his income by incurring more debt to get out of paying support is illegal in illinois."

"I have found unreported income in excess of 40000 in cash from loans and savings accounts.
I need to know that if he refinanced marital vehicles, etc and received cash above the amount he owed.
Example car loan balance 11,000 refinances for 21000, receives 10,000 in cash. I pretty much think thats fraud upon myself and the child in terms of support, but are there tax ramifications of that?"

You seem to be saying he manipulated his incomeup, and then you say he is manipulating it down. He is not manipulating his income at all, he is manipulating his debt to income ratio, which shouldnot affect his CS requirement. If he is not paying, you need to take action.

The car loan, well he either owes 21000 for a car that is not worth it, or he has decided to pay for it a second time, either way he is borrowing money against a car he owns. What he should do with the money, and what he will do are two very different things. I know its hard, but you have to remain calm, you can handle all of these issues, but you have to handle them, not let them grow and seem unmanageable. Take them one at a time in needed, and set yoru priorities. Its never easy and it takes time, but you will start to see that things can change for the better. Patience and perseverence are the key. Remember not everyone here is trying to sharpshoot your posts, they just want the most complete picture to give you their best opinion.

Post Extras

Entire topic
Subject	Posted by	Posted on
Fraud in excess of $40000	emilar	08/04/07 11:25 AM
Refinancing loans is NOT income	Melody	08/04/07 11:54 AM
Re: Refinancing loans is NOT income	emilar	08/04/07 12:21 PM
Re: Refinancing loans is NOT income	Miranda	08/04/07 08:38 PM
Re: Refinancing loans is NOT income	emilar	08/04/07 09:34 PM
Where did you go to school?	Melody	08/04/07 11:22 PM
Re: Where did you go to school?	emilar	08/05/07 01:45 PM
I think you need to focus a bit more	Melody	08/05/07 03:00 PM
Re: I think you need to focus a bit more	emilar	08/05/07 04:35 PM
Re: I think you need to focus a bit more	Redlegg	08/05/07 10:28 PM
Re: I think you need to focus a bit more	emilar	08/06/07 10:50 AM
Re: I think you need to focus a bit more	Redlegg	08/06/07 12:11 PM
update	emilar	08/09/07 04:06 PM
Glad to hear	Melody	08/19/07 01:28 AM
Re: Glad to hear	emilar	08/19/07 10:02 AM
Re: Refinancing loans is NOT income	Renee	08/04/07 10:50 PM

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