Write where do i start, Me and my ex has split up, we have 2 kids(3 and 1 yrs ) I work full time (50 hrs per week) and take home £1400-£1700 per month, my ex works part time (12-16 hrs per week) earning £400 per month + £benefits(?). she has no child care costs as i have them after work 3nights and every other weekend. Right heres where it gets tricky we have a mortgage £180'000. about £1'200 per month: £1500 inc bills(not inc my own). I pay £1'200 and she pays £300+ food.
I cant afford to continue to pay this as this is london and its expensive. she wont pay any more and says lets go bankcrupt.
Surely this is not a option? im 28 i wont get anything ever. i want to pay for my kids, but i couldnt if i took on the morgage as i prob wouldnt have enough even for that oh and the property is in neg equity.
please please someone help. as i cant even afford the solicitors.
The property has dropped in value by £20'000. so makes it difficult to sell.
i'm have already moved out and im living sofa's but it still cost, as this has been going on for 5 months now!!!!
Answer by ubu
The bankruptcy laws must be different in the states...Actually it would be a good option......You still don't make enough to continue those bills.....With negative equity on the mortgage the options of selling would not benefit a thing......and you still owe the balance...I do agree with your statement saying you cannot afford to pay this....Eventually you will have to move .....where ??? The kids ???
What do you think? Answer below!
Orignal From: Mortgage payments after a break up with kids involved?
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