Proposed settlement and buy out then.
Painful situation...
I got laid off Aug 08. My wife makes very little money and presented me with a separation agreement with questionnable terms along with a promissary note (never agreed upon, never signed) in both names to repay her father for his monthly contributions! Even though I never asked in law for money!
All my pay went to our joint checking to pay for mortgage and other expenses and also the unemployment check since when I lost the job, still contributed but not as much (50% of the mortgage).
Financial situation is tough, and I was told that the longer I stay in the house the less money I get (potential buy out). I am questionning the validity of this note and consider it a sham.. now what happens also to my credit card debts? We are in N.C
Your thoughts?