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Loan / property / work

  • enigma
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26 Jun 08 #28966 by enigma
Topic started by enigma
Hello
my husband forced me to take out a loan of 20K before we broke up. He then got me to transfer this amount to his name. I would like him to take the responsibility for this. Is this something that is dealt via the divorce proceedings??


He has also property which is in somebody elses name. How do i prove that this is in fact his own property? are these questoins that are asked through the courts and how are these Qs initiated?

Also - he is a partner in 2 restraunts. How do i prove this? He has shown that he has no income but i know differently. thing is, he has been very clever and not told me where the businesses are.

What do i do - i have been left in debt by him. i am paying off his loan (which is in my name) and i have 2 children to support. has anyone faced a similar situation.

Are divorce proceedings teh best way of dealing with this?

  • LittleMrMike
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28 Jun 08 #29485 by LittleMrMike
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Heck, what a mess !! Not surprised nobody's replied so far.

How in tarnation did you let yourself take out a large loan and then give him the money ?? Trouble is, you see, sometimes spouses DO take out loans to help their better halves out - he'd probably say that you did it out of the goodness of your heart. Sometimes agreements can be set aside if made under duress - to give you an extreme example, if you were forced to sign the application form at knifepoint - but if you tell me a wee bit more than I might be able to help, but I'm not optimistic.

Second question. You both have to disclose your financial situation as part of the divorce process. If he doesn't include assets you think he has, you can ask questions. But wives often do think their hubbies are hiding things, and in many cases they do, but you need evidence.

If you know where the businesses are you might be able to avail yourself of statutory provisions which are designed to enable members of the public to find out who is running the business. But if you don't know where they are. you
have a problem. Short of hiring a private eye I'm
not sure what to suggest. What are your grounds for thinking he has two restaurants anyway ?

What do you do ? Pray perhaps ? But seriously, you could employ forensic accountsnts - but they are very expensive.
You could try private detectives - apparently quite a number of wives do - but they don't come cheap and you would have to be certain, to justify the cost. In divorce proceedings you could make him produce his tax returns -
but from what you say I wouldn't be surprised if the books had been cooked.

Sounds to me like you'd be well rid of him. You would in all probability be justified in divorcing him, and maybe -
just maybe - if you give him the rope he will hang himself with it. After the divorce he may think that he's got away with it and not be so careful and let his guard drop and give you the evidence which shows that what he said in Court was a pack of lies, and you can get the whole deal re-opened.

Sorry, this isn't helpful, I know, but suspecting something and proving it are two different things.

Mike

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