Payment vs. Alimony


#1

Dear needsanity:

Greetings. Without performing a full financial analysis, there is no way that I can answer this question.

What I can tell you though is that equitable distribution and alimony are separate issues. Be careful when mixing them.

Also, I have not seen many cars with $9,200 in equity. Many people own a $10,000 vehicle, but they also owe $8,000 or more on it, which would make the equity $2000 or less. Thank you.

Janet L. Fritts
Attorney with Rosen Divorce
4101 Lake Boone Trail, Suite 500
Raleigh, North Carolina 27607
919.787.6668 main phone
919.256.1665 direct fax

10925 David Taylor Drive, Suite 100
Charlotte, North Carolina 28262
704.644.2831 main voice
704.307.4595 main fax

ROSENDIVORCE.COM

The response posted above is based upon the limited factual information made available and is not intended as a full and complete response to the question. The only reliable manner to obtain complete and adequate legal advice is to consult with an attorney, fully explain your situation, and allow the attorney sufficient opportunity to research the applicable law and facts required to render an accurate opinion. The basic information provided above is intended as a public service but a full discussion with an attorney should be undertaken before taking any action.


#2

Hi Rosen:

Question: I’m being told I would owe my STB ex about $14K (9200 equity in car, 5K for loan taken against policy used to pay for mortgage, food, bills).

His lawyer is telling him I should pass up my alimony for 3 years which would equate to about $14,400, in lieu of the debt, or settle for a lump sum alimony payment of $3-5K and he would acquire all of the debt.

Does this sound right at all???[xx(]