Divorce on the table, Hoping for Miracle 2

[Groov]

So need some advise from wise DB'ers out there. Please help.



Wife just sent the following email. How would you respond?



Hi,

So I've attached all of the numbers as I understand them to be. As I see it, we have about 20k in credit card debt and 29k in assets after the deduction of the 35k from the Indy properties. Both assets and liabilities should be divided 50/50. I've been trying to determine how that can be done equitably, but it's proving to be a bit more complicated. The credit card debt seems simple, pay down what we can with our savings/tax return, then split the remainder. The properties are not quite as easy. You've told me that you you'd like to take the condo, which is fine. The burden of the Indy properties is a tough one to divide though. Particularly, since Warman is appearing to be uninsurable by traditional methods. Iv'e been looking at different options, but anything that exists is much more expensive for sure. Since we haven't collected rent in probably two years now, and have only put in, well.... You get it. Worst case is forced place insurance by the lender, which will be around $2000/annually or more. I don't know what this will do to the monthly payment, but ultimately that may be the final nail, as it were. Especially if I cant get it rented.

So the question remains, how to quantify liability. It easy to say, I just give you half of the equity, condo included. But you walk away with our house, money in your pocket and perfect credit. I walk away on the brink of foreclosure with your pet projects, neither of which I want or have ever wanted, debt, and a credit score that won't recover until I'm 40. I can't even get a credit card in my name at this point. That being said, that may just be the reality of the situation, and I will be accountable for the choices that I've made. So.... How to proceed? I have a couple of ideas, I'm open to any you have.

As far as child support and alimony are concerned, I've been thinking about that a lot as we work through the details. Trying to balance our real estate situation is going to be a real challenge for me, not to mention kids and work. I don't feel like your request of child support adjustment is reasonable, considering everything I've listed above, and the fact that I've actually considered not taking alimony, which I'm entitled to, in an attempt to ease your burden.

Please consider what I've said from both sides. I know that you don't want to be a party to this at all, but the reality is that this has been a two way street. You say that you respect me and my choices, please live up to those statements. I only want to for all of us to be happy, our babies first and foremost. I am not nor will I ever try to take advantage or "stick it you" in any way. Please let me know what you think.

Thanks,
Wife


Much appreciated in advanced for any help you can offer.

Groov