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#155101 - 10/19/06 02:02 AM Re: I believe it was an insurance settlement [Re: M5M5]
Buckeye Offline
Carpal \'Tunnel

Registered: 12/08/05
Posts: 7873
Loc: OH
Sounds to me like the State of Tennessee is realizing that some CP's "play games" with hiding "income" by way of buying assets and are trying to close the doors.

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#155102 - 10/19/06 02:06 AM Re: Yes, but [Re: katiefedup]
mommy2boys Offline
addict

Registered: 06/02/05
Posts: 497
Loc: Louisiana
Katie, I think you are wrong here. How can it be an asset if it is no longer owned? By defination from my accounting textbook, assets are the resources of the company, and Liabilities are what is owed.
When using assets to determine income they use the value of the asset. In M5's case the 2 homes BM owns are assets, since they own the homes outright. Even if they weren't owned outright the equity that is built is as asset and only the remaining principle balance of the mortgage is the liability.

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#155103 - 10/19/06 02:07 AM Re: I believe it was an insurance settlement [Re: Buckeye]
katiefedup Offline
Carpal \'Tunnel

Registered: 10/27/05
Posts: 11669
I just looked up the New TN guidelines. TN has switched to parenting time percentages. They do take into consideration who pays for health insurance for the said dependents, that otherwise would not have a cost value. Reoccuring medical expenses is also addressed.

http://www.state.tn.us/humanserv/is/isdocuments.htm

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#155104 - 10/19/06 02:10 AM Re: Yes, but [Re: mommy2boys]
katiefedup Offline
Carpal \'Tunnel

Registered: 10/27/05
Posts: 11669
Yes but if they are "owned" outright, they are not making payments. Therefore, not living above their means. Home equity is not used to determine CS.

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#155105 - 10/19/06 02:11 AM Re: I believe it was an insurance settlement [Re: katiefedup]
M5M5 Offline
Carpal \'Tunnel

Registered: 07/29/05
Posts: 11830
Katie now what are you talking about? We didn't get anything asking us to list our assets..not in a long time. We have ZERO assets. I know exactly what some of her assets are because we made it our business to know. Most of what we found out is PUBLIC record and can be gotten down at the City County building.

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#155106 - 10/19/06 02:13 AM Re: I believe it was an insurance settlement [Re: M5M5]
M5M5 Offline
Carpal \'Tunnel

Registered: 07/29/05
Posts: 11830
Also...she is living a lifestyler greater than what she CLAIMS. She is claiming a 24K a year lifestyle. It was exceeds that.

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#155107 - 10/19/06 02:16 AM Re: I believe it was an insurance settlement [Re: M5M5]
katiefedup Offline
Carpal \'Tunnel

Registered: 10/27/05
Posts: 11669
Ok you are right and I am wrong. Thankfully, the way you have interrepted the law will put an end to all of your troubles soon. File the paper work and be done with it. Go get her! I guess your discovery will let you sleep better now. Your worries are over. Don't be disappointed if the judge/courts read the same words differently.

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#155108 - 10/19/06 02:18 AM Re: I believe it was an insurance settlement [Re: M5M5]
katiefedup Offline
Carpal \'Tunnel

Registered: 10/27/05
Posts: 11669
If she has everything paid for 24,000 is a lot.

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#155109 - 10/19/06 02:18 AM Re: I believe it was an insurance settlement [Re: katiefedup]
M5M5 Offline
Carpal \'Tunnel

Registered: 07/29/05
Posts: 11830
You are such a tard. Did you mean "interpreted? Right now we are not concerned about the CS side of things. We just want everything to be fair and to put a stop to all this nonesense.

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#155110 - 10/19/06 02:18 AM Re: Yes, but [Re: katiefedup]
mommy2boys Offline
addict

Registered: 06/02/05
Posts: 497
Loc: Louisiana
Never said they were living above their means. I am sure if all of us won a $2.5million settlement we would all buy a new home, but the point with M5's case is the BM DOESN'T work and is living off of the settlement. In the mean time BM is trying to milk DH dry, because she has a windfall of cash. IF this settlement was never won BM wouldn't have all of this money to be burning, BM is using the settlement $$ to take advantage of DH and trying her best to force him into bankruptcy or contempt for failure to pay, because his income doesn't come close to the settlement. Even if the settlement was paid in an annuity over 20 years the yearly income from that would be $125,000 or 4X what DH makes per year. Any moron could figure out who has the financial advantage here and who is getting the screws put to them.BM has the means to pay for the extras, DH obviously does not, but BM still thinks DH should pay 50/50 for ALL of the extras that BM wants the kids to participate in regardless if DH agrees. To BM DH is just a cash cow that is running low on milk.

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