All credit cards, RV and car loan are in my name along with the house. Both salaries are idenitical.
The house will be approximately 50% of my income before taxes. I plan on keeping the house.
My car is paid off.
If you include the RV payment and credit card payments, that will exceed my monthly income. If you include 50% of the payments, then I only have $300 left to live off of per month.
When I do the means test, my monthly income exceeds Chapter 7 limitations. Will I still get to keep the house? How will all of this work?
If you can work with your soon to be ex wife you might come out pretty good, otherwise it’s generally 50/50 split, regardless of who’s name it’s in. Unless it’s in another name other than yours or ex wife
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December 22, 2008 at 08:37 pm
The title of the home, car and RV is not as important at time of divorce as when were the assets acquired. If it is in your name but purchased after the marriage it is community property. As for the house you could keep it but the value of your automobiles, jewelry, cash liquidity, etc cannot exceed $7500
References : -
December 22, 2008 at 08:54 pm
If you can work with your soon to be ex wife you might come out pretty good, otherwise it’s generally 50/50 split, regardless of who’s name it’s in. Unless it’s in another name other than yours or ex wife
References :