Structured Settlements

Posts Tagged ‘bankruptcy’

My husband has created fraudulent debts to make it look like I cannot cash out the equity in our home. Its a long story and has cost me over k in attny fees to get awarded very basic equity that he wants to make in structured monthly payments. There is a clause in my divorce papers that says bankruptcy is not an release for this debt. However, he has already made it clear he has no intention of making any of the monthly payments. His checking acct is continually overdrawn and he rarely pays banks and creditors on time, so there is little reason to believe I will get my money. I am wondering what experience you have to help me? I have requested a lein on the house (he wants it), an insurance policy or some other penalty be attached to non-payment, I also suggested there be a "bonus" for regular monthly payments (say a 00 less owed). But my attorney has not responded to any of these saying "he has to pay". But I know better. What did you do to protect yourself?

Quote from FT Markets newdpaper December 27,2006 by Christoper Brown-Humes & Paul J Davies:"strong demand for credit exposure through structured products pushed spreads on credit default swaps to levels much lower than many of the cash bonds on which they are based." I have approx. 0K Canadian and have previously been in the mutual fund industry and do know how to diversify and select bonds, options and stocks globally before the car accident and had bad luck. I take much more conservative view now and yet my lawyer thinks structured is best. The broker offer options plan from straight to other intermitent lump sum of K. I look at it is about 3.76% is the rate and they emphasize it is tax free payments and also protected from bankruptcy and divorce. I had one divorce already from the accident and recently had fortune read and this guy claim I will have another wife by 4 yrs time. But my luck is all good from now on. My personal trading have all been smaller profit 3-86% return.