Hi all. My fiancé and I are separating. I have been supporting her for years as she pursued her masters degree. Well she graduated and now wants to separate. Unfortunately, pretty much all of the debt is solely in my name except for the lease and a co-signed vehicle we just financed in June. The overall debt situation looks pretty grim. I put all of my eggs in the one basket, which was when my fiancé graduated and starts working in her field, we would hammer out our debt. Things didn't go that way. She cheated and now wants to separate, which I'm for all the way. Now however, I've got to deal with this crushing debt both of us got into. She gets to walk away to start fresh in her career, leaving me to deal with the wreckage.
So, I'm around $25k in debt (this is credit card debt btw). We finance two vehicles. One we just bought in June. I would like to sell the one we just bought but since I co-signed it and it is the only means of transportation my ex has, I know she won't be down to sell it. The other vehicle is solely in my name and I really need it for work. I go to different locations for my job on a weekly basis and often where public transit doesn't operate.
So here's what I want to do. I want to file ch. 7 BK. I need to keep my car. Whatever happens to my ex's car is her problem. If the car was in my name only, I'd sell it in a heartbeat and be done with it. I owe about $21k on my car. I'm not sure how BK and keeping cars that are still financed go. But I do know I do need a car for work. Without one, I'm as good as unemployed.
Any advice on how this process works is greatly appreciated. And please, don't rib me about getting so far in debt. I'm going through a ton of BS and heartbreak right now. My fiancé told me about the affair two goddamn days before our daughters second birthday. I'm struggling with depression and anxiety. I'm also in counseling trying to come to terms with my entire world crashing down on me. It's a tough transition going from talking about paying off our debt by next year and looking into buying a house to "I'm unhappy, and I want to leave you ". Completely devastated.
Submitted August 16, 2017 at 09:19AM by candlelight66 http://ift.tt/2fLiNk4
