D
deeann57
Guest
What is the name of your state? IA
First, you need a synopsis of the past two years events....
a) 2001... I spent 9 months trying to work things out with my husband of 20 years, including court committing him for his habitual alcohol abuse and participating in his treatment. When that failed (he was sober less than 1 week out of treatment), I filed for divorce. As the only continually employed spouse, I asked for (and received) the house with the 2 mortgages (1 due to his arrest), custody of our 16-year-old son (the other 2 are in college) and $50 child support (because I knew he would not pay it anyway).
b) 2002... I met and married a wonderful man. Three days after the wedding, we were in Santa Fe on our way home from Las Vegas when he had a heart attack. Two days later I took him off life support & he died. He had no will, no life insurance, his only health insurance was because of the company I worked for, he owned 32 horses and a home 3 hours away from my home. I am now administrator of his estate and have since been in a battle with his daughter (his 2 sons are on my side) over his estate (which is insolvent). She thinks there is money that doesn't exist. I have already put $4,000 into this situation in the last year and have received nothing. The last court hearing determined that I will receive the house (which has a mortgage on it) but we have to go to court again before the estate can be closed and I can sell it. In the meantime, I owe $250 + utilities each month, and the attorney fees are stacking up.
c) December 2002 -- I was terminated from my job of 6+ years because of political issues (they used my state of mind from my husband's death as the excuse). I received 3 months severence.
d) 2003 - I met a man, son & I moved into his apartment 3 hours from our home, remarried, still have no job, have $1650 in mortgages plus utilities on 2 houses to pay. My unemployment, along with the cash I drew from the cash value on my life insurance, is almost gone.
e) Now this week... my new husband's ex-wife (divorced about 7 years ago) just filed for bankruptcy. She has a Discover card that they shared when married. She was to have removed his name and paid off the $3,000 balance. She not only didn't do that (they wouldn't because she had never been employed & was living on his child support for their 5 kids + 1 of hers he adopted), but she charged $15,000 more on the card. Now he's afraid he will end up paying for her charges after the divorce. Plus, I found out that he owes almost that much on CCs himself. His gross is about $50k a year, but more than 50% goes to his children (plus driving 3 hours 1-way to get them & take them home each weekend) so he used it to stay afloat while keeping in touch with his kids.
In the last 9 months I've charged about $5,000 on CCs myself. I used them to pay living expenses (& the mortages on the 2 houses (mine & my late husband's) this year to survive on my unemployment & not lose my house.
Sorry for the book, but you needed the whole (convoluted) story to answer my questions... which are...
1) Re: my husband -- How can he keep from paying for his ex's CC debt? Would him filing for bankruptcy do it?
2) Re: my late husband's house -- If I were to file for bankruptcy before the estate was closed, what impact would it have on his house? There is about $26,000 equity in the house but I assume the estate's attorney will attach a lien against the house for his bill, tho, and we don't know how much that is yet.
3) Re: me -- Can I keep the mortgage holder (1 bank has both loans) off my case until the house sells if I can't pay the payments?? Also, how can I get them to stop taking it out of my bank account when I need that money to survive. My new husband doesn't have the money to support all 3 of us, either. He pays the rent, utilities, and part of the food. I have to pay the misc expenses for my son & I. My son has a job now but that only covers some expenses.
Our first priority has to be to determine how to survive on a monthly basis without using credit cards, but we cannot do that with our present payments (interest alone on the CCs is formidable - some at 24.99%). We just don't know how to get those payments to a manageable level with our current commitments.
Please help!!
First, you need a synopsis of the past two years events....
a) 2001... I spent 9 months trying to work things out with my husband of 20 years, including court committing him for his habitual alcohol abuse and participating in his treatment. When that failed (he was sober less than 1 week out of treatment), I filed for divorce. As the only continually employed spouse, I asked for (and received) the house with the 2 mortgages (1 due to his arrest), custody of our 16-year-old son (the other 2 are in college) and $50 child support (because I knew he would not pay it anyway).
b) 2002... I met and married a wonderful man. Three days after the wedding, we were in Santa Fe on our way home from Las Vegas when he had a heart attack. Two days later I took him off life support & he died. He had no will, no life insurance, his only health insurance was because of the company I worked for, he owned 32 horses and a home 3 hours away from my home. I am now administrator of his estate and have since been in a battle with his daughter (his 2 sons are on my side) over his estate (which is insolvent). She thinks there is money that doesn't exist. I have already put $4,000 into this situation in the last year and have received nothing. The last court hearing determined that I will receive the house (which has a mortgage on it) but we have to go to court again before the estate can be closed and I can sell it. In the meantime, I owe $250 + utilities each month, and the attorney fees are stacking up.
c) December 2002 -- I was terminated from my job of 6+ years because of political issues (they used my state of mind from my husband's death as the excuse). I received 3 months severence.
d) 2003 - I met a man, son & I moved into his apartment 3 hours from our home, remarried, still have no job, have $1650 in mortgages plus utilities on 2 houses to pay. My unemployment, along with the cash I drew from the cash value on my life insurance, is almost gone.
e) Now this week... my new husband's ex-wife (divorced about 7 years ago) just filed for bankruptcy. She has a Discover card that they shared when married. She was to have removed his name and paid off the $3,000 balance. She not only didn't do that (they wouldn't because she had never been employed & was living on his child support for their 5 kids + 1 of hers he adopted), but she charged $15,000 more on the card. Now he's afraid he will end up paying for her charges after the divorce. Plus, I found out that he owes almost that much on CCs himself. His gross is about $50k a year, but more than 50% goes to his children (plus driving 3 hours 1-way to get them & take them home each weekend) so he used it to stay afloat while keeping in touch with his kids.
In the last 9 months I've charged about $5,000 on CCs myself. I used them to pay living expenses (& the mortages on the 2 houses (mine & my late husband's) this year to survive on my unemployment & not lose my house.
Sorry for the book, but you needed the whole (convoluted) story to answer my questions... which are...
1) Re: my husband -- How can he keep from paying for his ex's CC debt? Would him filing for bankruptcy do it?
2) Re: my late husband's house -- If I were to file for bankruptcy before the estate was closed, what impact would it have on his house? There is about $26,000 equity in the house but I assume the estate's attorney will attach a lien against the house for his bill, tho, and we don't know how much that is yet.
3) Re: me -- Can I keep the mortgage holder (1 bank has both loans) off my case until the house sells if I can't pay the payments?? Also, how can I get them to stop taking it out of my bank account when I need that money to survive. My new husband doesn't have the money to support all 3 of us, either. He pays the rent, utilities, and part of the food. I have to pay the misc expenses for my son & I. My son has a job now but that only covers some expenses.
Our first priority has to be to determine how to survive on a monthly basis without using credit cards, but we cannot do that with our present payments (interest alone on the CCs is formidable - some at 24.99%). We just don't know how to get those payments to a manageable level with our current commitments.
Please help!!