survivor223
Junior Member
What is the name of your state (only U.S. law)? FL
I inherited a business while married to my ex-husband. We divorced about 3 and half years ago and I agreed to pay him a large sum of money to be paid out over time. Since that time, I borrowed money from a bank to buy out my business partner. Soon after, the financial markets crashed and I am in the financial business. The value of my house is down and I can't sell it. I have been trying to make payments to my ex as best as possible. I am in the financial industry and to be in compliance with all the agencies that dictate the capital required in my business and the bank to whom I owe, I cannot keep up with the terms of the settlement agreement.
Is there any chance that I can go back and amend settlement agreement, to at least change the terms of the payout?
Also, can he file a judgment against me and if so what are the ramifications?
I inherited a business while married to my ex-husband. We divorced about 3 and half years ago and I agreed to pay him a large sum of money to be paid out over time. Since that time, I borrowed money from a bank to buy out my business partner. Soon after, the financial markets crashed and I am in the financial business. The value of my house is down and I can't sell it. I have been trying to make payments to my ex as best as possible. I am in the financial industry and to be in compliance with all the agencies that dictate the capital required in my business and the bank to whom I owe, I cannot keep up with the terms of the settlement agreement.
Is there any chance that I can go back and amend settlement agreement, to at least change the terms of the payout?
Also, can he file a judgment against me and if so what are the ramifications?