What is the name of your state (only U.S. law)? TEXAS
I was divorced in 2010 - and as part of the decree I was to pay for her vehicle. The vehicle is a high end vehicle at $1100/month. I am past a breaking point and cannot contiue to pay for vehicle. I have used all savings, credit cards and anything to break even. What can I do legally
if I cannot afford the payments anymore.
I emailed her with the situation and told her I could not handle payments
gave her option to give me back vehicle and she could get her own, keep vehicle and make payments or I could voluntarly surrender vehicle to bank.
What legal recourse can she have ? What can I do when I am totally tapped out on my funds to pay this albatros of a payment.???
Thanks
I was divorced in 2010 - and as part of the decree I was to pay for her vehicle. The vehicle is a high end vehicle at $1100/month. I am past a breaking point and cannot contiue to pay for vehicle. I have used all savings, credit cards and anything to break even. What can I do legally
if I cannot afford the payments anymore.
I emailed her with the situation and told her I could not handle payments
gave her option to give me back vehicle and she could get her own, keep vehicle and make payments or I could voluntarly surrender vehicle to bank.
What legal recourse can she have ? What can I do when I am totally tapped out on my funds to pay this albatros of a payment.???
Thanks