BM in foreclosure/bankruptcy - does anyone have experience here?
First of all: I've asked for advise twice from this group and both times was steered me in a positive direction with positive results. SO THANKYOU! There really is such value in seeking advise from different view points before acting. This is a great forum!
My husband's ex has always had financial issues due to erratic spending habits. One major reason behind their divorce. They had a rather large settlement in the divorce and she's gone through it in 3 years. Now she is in major debt and her house is in foreclosure ready to be auctioned off next week. We only know this b/c creditors call our house constantly looking for her ....Thinking something was up we looked online and found the foreclosure info. My husband has had conversations about it in the past with her and she just flippantly says "I'll just file bankruptcy...no biggy". Now it looks like she'll lose the house.
For background, in numerous custody battles she used HIS lack of stability in home (he was renting vs. bought) as a reason against him. She stressed how incapable he was of caring for the kids b/c of his career. NOW she's the one with an unstable home and has the children in daycare all the time. We have been able to buy a home and he and I have both changed our career so we are home with the kids when they aren't in school. It went to court again this summer b/c we wanted them to go to school in our neighborhood ....far better schools, no need for daycare and the kids can participate in extra curricular activities. Bottom line - we lost. Our judge valued stability over all other factors and thus ruled against a change of schools. Which I can respect.
But now it looks like they'll be out of their home. It breaks my heart on one hand. The other hand wonders if this could result in a change in our favor. I know totally not nice of me to think that way. I really do want whats best for the boys. I want them to have a stable home on all counts. Anyways...if anyone has experience dealing with legal financial issues and how (or if it even does) relates to child custody. I'd really appreciate it.