Yours, mine and ours, only works when both are not suffering, and without an income you have no means to better this situation (if you still want to call it "your" situation). But, if you have health issues and cannot work, "your situation" will affect your husband's situation too (and your child's).
Money/income is the only thing that will resolve these debts.
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In addition to the items previously mentioned that you guys can do (that you've not responded to)....
Raise your auto insurance deductibles to at least $1000... and more if your insurance co will deal.
If your insurance company is AAA, switch out entirely... there are many companies in this state that will insure you less expensively. AAA is the MOST expensive company within this state. If you only belong to the AAA AutoClub, I'd consider switching to Allstate since they will cover both drivers for one lower price for just the roadside assistance.
Review your auto coverage entirely. California requires at minimum:
Auto insurance basics-What you need to know.
Quote:
Originally Posted by KTP
Do you file taxes as married filing separately?
I can't get over why two people would keep separate accounts when married, except maybe for a small personal spending account where each would get the same set amount for hobbies or strip clubs or whatever.
Does this stop debt holders from going after combined assets, or assets in your husbands name? I'd be curious to know the answer to this...as probably Maddof's wife would be also  |
LOL -- minus the strip clubs hopefully!
"Separate accounts" have been questioned many times. It's not unusual when people marry, to agree to keep previous holdings separate. There are many reasons for this, most are personal and private. One never knows what the future holds.
When married, the law divides everything equally from that point in time in a 50% ratio if not-contested. It's a team going forward, until the date of separation. It's in both people's best interests; as is the same for people who decide to keep things separate for priorly held "earnings" (a house, car or whatever) -- prior to the marriage.
As far as debt... debt holders can only legally "go after" the person who signed. If held jointly, then yes, they can legally "go after" both.
With a pre-school child and an "almost 10-year" marriage, the child is probably theirs.
The house is still a "mortgage" and in the eyes of the law the house would be shared (if they divorced) since she put efforts into it as well, even if his is the only name on the mortgage and even if he's the only person paying said mortgage (because she pays by his using that money for that purpose and not another purpose).
Her medical issue is almost certainly mixed into his interests.
And she being without an income, definitely means that
they need to agree on their courses of action.