DIVISION OF ASSETS, DEBTS, ALIMONY, AND CHILD SUPPORT
Question Details: While I was a single mother, I purchased a real estate property. Several years later, I married my child's father, and sold my property with a $40 profit, which I used as a downpayment for a single-family house, paid off our debtrs, and bought new appliances. During that time, I returned to college and took out a student loan. After nine years of marriage, we called it quits. Also, I left my full-time job and started working part-time. How will the court determine the equation for assets, debts, alimony, and child support payments? Also, will I be able to recover my $4j0 investment?
I am a lawyer and practice in this area of the law. The court is going to try to divide the assets so that your life style is not substantially impacted and will try to make equal divisions. Each of you will fill out a financial affidavit. You will meet with a person at court who will try to divide up those assets. I suggest hiring a lawyer to fight for your rights here. I am not sure if you will get credit for the entire 40K, but you should be entitled to get something back. Make sure you hire a lawyer to help you.
