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.
---> LOL..life in the fast lane
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.
---> Did you sign the refinace? Are the vehicles in your name also?
He wants both vehicles now, since he has the higher paying job.
---> Too bad
The problem is, he has so overextended his self, that he can't afford child support out of his take home pay.
---> Elimar..come on, this is Illinois. None of that matters. Heneeds to get the checkbook out. Als, too bad. Should have thought of that before he refinanced
How is this decided ? Am I going to get to keep my car?
Or am I gonna have to give it back to him
--> Depends on your agreement. Can you assume the debt on the cars. If not, you need to get your name off the loans and off the title
and take less support because of the money he owes.
---> You are killing me here...HAHAHAHAHA
These are marital vehicles, but his is the only name on the finance papers.
---> Oh..ok..well, those are his debts then
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.
---> Not a chance in hell. His debt and expenses have absoulutely no bearing on his on any court ordered obligation, especially CS
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?
--> Don't cover a note where he is the one on the loan.
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.
---> DO NOT h ave your name on any title of a vehicle you have no control over. Example, he is riding around on the Harley, has no insurace, runs over a 2 year old kid and kills the kid and himself. Guess who is liable? You.
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.
--> In my case, she got the car, and paid for it out of alimony
Just want to know what I'm in for. I love my car, but it's not more important than eating.
---> Unless you are driving a Chevy "Mac and Cheese"
I just don't think he should be able to get by with that. But who knows, not me.
--> He wont. The only thing that typically playing into any support is income, not expenses, unless those expenses are needed to produce income. He works for the State if I remember so thats not going to fly.