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Is it a good idea to add debt during a divorce to reduce the alimony I'll have to pay?
This seems a little underhanded. But the debt would be for something I truly need (new car). Basically, I'm asking if I should wait to get that car after the divorce? Or should I get it now when I actually HAVE the money? Reducing alimony would just be a by-product.
10 Answers
- ๒LยЄฬ๏ภ๔ЄгLv 62 months ago
Yes. It is. Better than that is to skip the country and go where there's no extradition laws. You shouldn't have to pay an ex money .... especially if it's not child support and only goes to the ex. That's extortion and just because it's legal doesn't mean it's ethical. Nothing wrong with trying to evade a bad legal decision.
- 2 months ago
My advice is to pay zero alimony, stop working or work for cash only, go on welfare, change your name and move away, until your former wife finds some other sucker to take care of her and her kids...
- PatriciaLv 72 months ago
Your INCOME is what child support is based on. AKA your tax return. They Court doesn't care how much debt you're in. That's your problem.
- Anonymous2 months ago
no , the court does not care about your debt
you made a bad marriage , do not make it worse on your self with debt
you will have to deal with this for years to come
be smarter than when you got married and realize the court again does not care if you can live or not they are saving the world from "evil" men
never trust a women again,, make sure they always have good long term jobs if you are involved with them and they have no debt and never ever complain about their ex
SO yes wait till after and then pay cash or do not buy
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- FoofaLv 72 months ago
It's a good idea to ask your attorney such questions as in some states making large purchases with marital assets during a divorce can be viewed as fraud.
- Anonymous2 months ago
Ask your lawyer. The courts know about tricks like this and may take punitive measures. Your lawyer can best advise you.
- Anonymous2 months ago
It's never a good idea to add debt at any time in one's life. The borrower is always slave to the lender. You are not free when you are in debt.
As for the other stuff regarding divorve I have no idea.
- i + iLv 72 months ago
You won't reduce alimony, but you should
get it now anyway, as the alimony payments
will affect your credit-worthiness afterwards.
- Andrew SmithLv 72 months ago
The car is an asset which has a value. Therefore the total asset after buying the car only alters if the car has devalued first. It cannot affect child support which is determined by income, and it cannot affect dividing matrimonial property. Civilized countries don't have alimony.