emilar
enthusiast
Reged: 06/11/06
Posts: 380
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vehicles and debt
08/13/07 07:58 AM
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Ok, don't jump on me guys. As I mentioned before,I am going through a divorce in Il. First off we have no real assets except his pension..We have two vehicles that are marital. A harley and a camaro. Before we seperated, the vehicles were paid down into the 7000 and 5000 dollar range. Now we are getting to the final settlement and I find out he has refinanced both vehicles twice. Now we owe 15,000 and 21000.
He wants both vehicles now, since he has the higher paying job. The problem is, he has so overextended his self, that he can't afford child support out of his take home pay. How is this decided ? Am I going to get to keep my car? Or am I gonna have to give it back to him and take less support because of the money he owes. These are marital vehicles, but his is the only name on the finance papers. Theres no way we could sell both vehicles and get any value out of them, they are too heavily liened. The way it's looking to me, is I'm going to end up with no vehicle, and he's going to have two and less support he has to make. Has anyone ever been in this situation? I can't refinance the car because I'm on disability. Do I request more money in alimony or something to cover that $400 a month note? This debt was accrued way after DOS, AND IS DRIVING ME CRAZY. I would like to have my name added to the notes of both vehicles and the valuation at the date of seperation be used as my part of debt owed on my car. I have been reading everything I see, and still don't see anything for this situation. He makes $65K average and I make 14K fixed. 10 years marriage.
Will that part of the debt he made himself, be credited to him only?
I know he refinanced them for just that reason So I would get less support and no vehicle.
Is there anyway that can be equitable?
I don't really want my name on the harley, but don't want to lose any interest I have in it either.
One of my friends said she got the newer car and her husband had to keep paying the notes. I've yet to see anything like that here.
Just want to know what I'm in for. I love my car, but it's not more important than eating. I just don't think he should be able to get by with that. But who knows, not me.
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