nicksc2009
Junior Member
What is the name of your state (only U.S. law)? PA
I am seperated for 3 years and still have not been divorced. Constantly taking me back for alimony and child support. We supposedly worked our the equitible distribution and she would be civil with support.
Well, wrong ! I have averaged about 240K per year and give her 5K per month for her and two kids.
* I purchased a house for her 800K in cash so she would have no morgage
* I paid off all the credit card bills so we would have no debt.(200K). and her school loan(Teacher Now)
* I took 300K for the whole deal and put this on a house which is worth 700K
* Paid for my first son's college in cash for 70K
We filed sepratly in 06 and Jan 1.... I sold the buisness(Jan 1 2006) at no profit as they assumed my debt and assets. I also had a forgivness of debt of around 470K(Important). Since then I work for the company and have a 5 year contract.
My questions:
1). We never settled equitible distributioin? What am I intitled to?
2). Selling the buisness we incurred about 120K in taxes that was as a result of the forgivness of debt(470) and not paying enough taxes on the money we took out of the retirement fund. Is she responsible for this as well.
Paying for these taxes is really hurting and I cannot afford the 5 K per month.
as mmy company is now taking mandatory furlough's and my income is now down by 40% !!! But the reccomendation from the court was that I still pay?
Instead of looking at my recent pay stub history they are basing this on previous income statements...This is not reality !
4). I am going to court this week and am behind about 7K total for this year as a result of the furloughs. This proceeding will be in front of a Judge and I want to make them understand that debt incurred form the marrige and the crazy equitable distribution is unfair for alimony which she does not desreve at all. I have no issue paying child support AT ALL !
HELP!
I am seperated for 3 years and still have not been divorced. Constantly taking me back for alimony and child support. We supposedly worked our the equitible distribution and she would be civil with support.
Well, wrong ! I have averaged about 240K per year and give her 5K per month for her and two kids.
* I purchased a house for her 800K in cash so she would have no morgage
* I paid off all the credit card bills so we would have no debt.(200K). and her school loan(Teacher Now)
* I took 300K for the whole deal and put this on a house which is worth 700K
* Paid for my first son's college in cash for 70K
We filed sepratly in 06 and Jan 1.... I sold the buisness(Jan 1 2006) at no profit as they assumed my debt and assets. I also had a forgivness of debt of around 470K(Important). Since then I work for the company and have a 5 year contract.
My questions:
1). We never settled equitible distributioin? What am I intitled to?
2). Selling the buisness we incurred about 120K in taxes that was as a result of the forgivness of debt(470) and not paying enough taxes on the money we took out of the retirement fund. Is she responsible for this as well.
Paying for these taxes is really hurting and I cannot afford the 5 K per month.
as mmy company is now taking mandatory furlough's and my income is now down by 40% !!! But the reccomendation from the court was that I still pay?
Instead of looking at my recent pay stub history they are basing this on previous income statements...This is not reality !
4). I am going to court this week and am behind about 7K total for this year as a result of the furloughs. This proceeding will be in front of a Judge and I want to make them understand that debt incurred form the marrige and the crazy equitable distribution is unfair for alimony which she does not desreve at all. I have no issue paying child support AT ALL !
HELP!