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[personal profile] fancycwabs
Prior to yesterday, an inability to pay combined debts kept Mrs. Cwabs and I in a sort of divorce-limbo, unable to pay off those debts to get clear of one another and unable to find a way to reconcile. Yesterday I used the nuclear option, cashing in all of a 401k (at great personal loss unless the stock market has a HUGE jump on the day it actually gets processed), and told her it's time to get out. In exchange for taking that hit, I'll be keeping most of the equity in the house (it ends up being about the same amount as the 401k was worth), and hopefully getting out of this for good.

There will still be some financial issues--her car loan is in my name as her credit was crap when we bought it. We owe some back taxes that are just about paid off, and we'll need to file our returns for this year, which may mean more back taxes, or may not.

But at least we're nearing the end. Approaching our two-state solution. There's still the legal stuff, but that should be fairly straightforward.

And if anyone wants to visit Memphis, I have crashing space like you wouldn't believe. Not much in terms of beds for a bit, but lots of room to camp out.

Date: 2008-09-24 09:47 pm (UTC)
From: [identity profile] fancycwabs.livejournal.com
You can roll them over here. But I don't know how giving my soon-to-be-ex-wife tens of thousands of dollars just for a 20% tax hit is gonna do me any good.

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