What is the name of your state (only U.S. law)? New Mexico
We have been married a little over 10 years. I’ll call my husband ‘Joe’ here for ease of discussion.
Joe only worked for the first 2 years of our marriage. He’s been on many interviews over the years but never gets a job offer. His previous experience was IT.
We have three children between us: his 20 & 23, mine 21. The 20 & 21 year old are in college. They live at home and I pay for their college expenses. The 23 year old is a Iraqi vet and his school is paid by gov grants, GI bill, etc.
Joe has a student loan for about $30,000. I am not sure of the actual about of the loan(s) because he has hidden the paperwork. He also has a separate account where he keeps these funds.
Joe graduates with a master’s degree in January.
How are student loans handled in a divorce? Joe says that he does not have to tell me anything about them or about the money I the account because they are his sole debt and sole property.
Is this accurate? Are student loans and the proceeds the sole debt/property of the recipient?
In a divorce would he be held 100% responsible for repayment of the student loans? If he defaults on the student loans, could the lender come after me for repayment since this is a community property state?
I want to see the loan papers to so I can make sure I know my responsibility if any for the loan(s). Am I out of line asking for this?
I also want to see the bank statements for the account where he keeps the student loan money. Because of some things going on in our checking account, I think he has been taking money from our joint account and my credit cards and putting them in his ‘student loan’ account. So far he has refused to let me see the account statements.
If I can show that he has been moving our community money into the student loan account, does that convert the ‘student loan’ account to community?
One thing he has whined about is that he says he made a payment or two on the credit cards out of his ‘student loan’ account. Seems to me that student loan money is to cover tuition, books, and living expenses?
There is a lot more going on here with the finances, such as he has changed the passwords on all our accounts who I cannot get on the online (even the ones that are I my name only) and he keeps the monthly statements hidden from me.
But I want to keep this as brief as possible as I’m looking for info on student loans, community debt/property and my possible liability.
We have been married a little over 10 years. I’ll call my husband ‘Joe’ here for ease of discussion.
Joe only worked for the first 2 years of our marriage. He’s been on many interviews over the years but never gets a job offer. His previous experience was IT.
We have three children between us: his 20 & 23, mine 21. The 20 & 21 year old are in college. They live at home and I pay for their college expenses. The 23 year old is a Iraqi vet and his school is paid by gov grants, GI bill, etc.
Joe has a student loan for about $30,000. I am not sure of the actual about of the loan(s) because he has hidden the paperwork. He also has a separate account where he keeps these funds.
Joe graduates with a master’s degree in January.
How are student loans handled in a divorce? Joe says that he does not have to tell me anything about them or about the money I the account because they are his sole debt and sole property.
Is this accurate? Are student loans and the proceeds the sole debt/property of the recipient?
In a divorce would he be held 100% responsible for repayment of the student loans? If he defaults on the student loans, could the lender come after me for repayment since this is a community property state?
I want to see the loan papers to so I can make sure I know my responsibility if any for the loan(s). Am I out of line asking for this?
I also want to see the bank statements for the account where he keeps the student loan money. Because of some things going on in our checking account, I think he has been taking money from our joint account and my credit cards and putting them in his ‘student loan’ account. So far he has refused to let me see the account statements.
If I can show that he has been moving our community money into the student loan account, does that convert the ‘student loan’ account to community?
One thing he has whined about is that he says he made a payment or two on the credit cards out of his ‘student loan’ account. Seems to me that student loan money is to cover tuition, books, and living expenses?
There is a lot more going on here with the finances, such as he has changed the passwords on all our accounts who I cannot get on the online (even the ones that are I my name only) and he keeps the monthly statements hidden from me.
But I want to keep this as brief as possible as I’m looking for info on student loans, community debt/property and my possible liability.