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MailTribune.com
  • Conniving ex leaves wife with few options

  • DEAR BRUCE: I have been legally separated from my husband for two years. At the time of our separation, we signed a mutual agreement that he was going to continue paying the mortgages on our house, since he was the one who wanted to end our marriage of 27 years, four children and two grandchildren. Also we had a three-unit ap...
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  • DEAR BRUCE: I have been legally separated from my husband for two years. At the time of our separation, we signed a mutual agreement that he was going to continue paying the mortgages on our house, since he was the one who wanted to end our marriage of 27 years, four children and two grandchildren. Also we had a three-unit apartment, which he was going to continue paying since he earns more than I do and owns two businesses. I am now stuck with a $64,503 loan from the apartments. We also had a house, which is in foreclosure. We had it on the market for a quick sale to save whatever was left of our credit. He destroyed both of our credit scores. He took the house off the market and did a modification loan behind my back. Then he moved into our home with the woman he left us for. I was told that the apartment was also on the market, and he took them off without my knowledge. My lawyer has suggested I file bankruptcy. What do you think? — Reader, via e-mail
    DEAR READER: If a couple is to split, it should be done as quickly as possible — denying one party or another from increasing leverage against the other. Unfortunately, it would appear you are well past that point. While I'm not in favor of bankruptcy, this may be the only way you could preserve any assets that may exist. Have your lawyer explain all the ramifications of this move. This may be the logical thing for you to do. You should know that you'll have to go through credit counseling before bankruptcy can be done. Something good may come out of that as well.
    Send your questions to: Smart Money, P.O. Box 2095, Elfers, FL 34680. E-mail to: bruce@brucewilliams.com. Questions of general interest will be answered in future columns. Owing to the volume of mail, personal replies cannot be provided.
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