Go Back   Cyclechaos - Motorcycle Forums > General Category > Motorcycle Financing

Reply
 
LinkBack Thread Tools
  #1 (permalink)  
Old 01-15-2009
Junior Member
 
Join Date: Jan 2009
Posts: 11
Default desperate need of advise... divorce question.... kind of a long one too.?

i'm getting a uncontested divorce. we do not want to involve lawyers. hopefully it stays that way.the problem. we purchases a motorcycle may 2005, and took out the financing in my name, the bike was for him. during our seperation we have been spitting the payments down the middle but the bike has remained in his possession. NOW, at his apartment someone got on the bike in the middle of the night (probably drunk) and dropped it, scratching it bad, and putting a big dent in the casing. He has the bike on his insurance but he has liability only. he has not gotten it repaired. He dropped the bike at my apt saying that he wants nothing to do with it or me anymore. I cannot ride the bike for it is too big, i cannot afford the full payments by myself. and I cannot sell it because i will be taking a huge hit because of the damage.Should i just let it get repossessed? I don't need to buy a car or get any new CC in the next 7 years? what will happen in the repo process.My reasoning for wanting an uncontested divorce is because we live in a no fault state, so we’d have to split all of our debt 50/50. The motorcycle is the ONLY thing in my name besides 1 personal credit card that is all my personal spending, and I have that bill under control.He on the other hand has over $10,000 in credit card debt. And I do not want to be 50% responsible for the debt that he occurred on his own and before we even met. ALL of that debt is from before I knew him, or his stupid spending.Should I just cut my losses on the bike and let it get repo’d?
Reply With Quote
  #2 (permalink)  
Old 01-22-2009
Junior Member
 
Join Date: Jan 2009
Posts: 10
Default

Any lawyer will give you a FREE advice session. Go thru the phone book and make a few appointments........it's free advice
Reply With Quote
Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads for: desperate need of advise... divorce question.... kind of a long one too.?
Thread Thread Starter Forum Replies Last Post
a kind of embarrassing scooter question? oddthomas Aprilia 3 02-10-2009 04:01 PM
Long Question About Lights LiL T Rebel 6 05-22-2007 01:29 PM
Ninja 250r body kits out there? (Long question) 463whpevo Kawasaki 2 01-06-2007 11:24 PM


All times are GMT -5. The time now is 05:34 AM.


Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2010, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.0