Background:
I have been working on a separation agreement since Jan this year. My wife still resides in the matrimonial home which is co-owned. I pay for everything, she contributes nothing financially. I was able to afford this because I rented the basement of our house. I work, make around 50k a year. She works, makes around 25k a year. I completed my fanancial statement and have a net worth of zero. All the debt is in my name except for the mortgage is in both names.
We both have no contact orders due to criminal issues (mine were dismissed) so I can not contact her directly. We were married only 3 years.
Since I left the house, she kicked out the tenants I had in place (which was helping me cover all the bills) and put in new ones that pay her directly. So I can no longer cover all the bills (2 cars, mortgage payment etc etc)
What would happen if I sold one of the cars to pay off the car debt? Is there any issue there?
What would happen if I simply stopped paying the mortgage? I understand the foreclosure issues, credit rating issues etc but what about for the separation? We have no assests to divide, no children, no money. The house has no or little equity in it. I purchased it a year and a half ago. If I simply can not pay then would there be any issues later on with her?
I've been trying to get away from this rather crazy person for sometime now and it is clear she is not going away any time soon. I'm looking for a quick way out. She is not signing anything because she is living for free in the house, pulling in around $900.00 a month rent money and there is nothing I can do about it short of going to court or something, which I do not want to do. My lawyer is months between appointments. I guess lots of people are getting divorced in my area!
Any input would be appreciated.
I have been working on a separation agreement since Jan this year. My wife still resides in the matrimonial home which is co-owned. I pay for everything, she contributes nothing financially. I was able to afford this because I rented the basement of our house. I work, make around 50k a year. She works, makes around 25k a year. I completed my fanancial statement and have a net worth of zero. All the debt is in my name except for the mortgage is in both names.
We both have no contact orders due to criminal issues (mine were dismissed) so I can not contact her directly. We were married only 3 years.
Since I left the house, she kicked out the tenants I had in place (which was helping me cover all the bills) and put in new ones that pay her directly. So I can no longer cover all the bills (2 cars, mortgage payment etc etc)
What would happen if I sold one of the cars to pay off the car debt? Is there any issue there?
What would happen if I simply stopped paying the mortgage? I understand the foreclosure issues, credit rating issues etc but what about for the separation? We have no assests to divide, no children, no money. The house has no or little equity in it. I purchased it a year and a half ago. If I simply can not pay then would there be any issues later on with her?
I've been trying to get away from this rather crazy person for sometime now and it is clear she is not going away any time soon. I'm looking for a quick way out. She is not signing anything because she is living for free in the house, pulling in around $900.00 a month rent money and there is nothing I can do about it short of going to court or something, which I do not want to do. My lawyer is months between appointments. I guess lots of people are getting divorced in my area!
Any input would be appreciated.
