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Thread: Simple Equity Division: Divorcing couple needs to equalize equity, debt of vehicles

  1. #11
    Elite Member mmm4444bot's Avatar
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    Quote Originally Posted by Denis View Post
    Clearly stated:
    wife has $10,000 car, no loan
    hubby has $10,000 car, $14,000 owing
    Actually, it says clearly that the wife will get and the husband will get.

    Hasn't happened, yet. The agreement is in progress.

    There's also no wording that the husband has or will get the debt. Sure you didn't use to be an attorney?

    Anyways, I have assumed that the given information is all that's needed to "equalize the equity and debt of the vehicles".

    If we don't have all of the needed information, then it's possible they each end up in debt, after taking out multiple personal loans for legal expenses to continue extended warfare.
    "English is the most ambiguous language in the world." ~ Yours Truly, 1969

  2. #12
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    Quote Originally Posted by mmm4444bot View Post
    If we don't have all of the needed information, then it's possible they each end up in debt, after taking out multiple personal loans for legal expenses to continue extended warfare.
    Very likely outcome.

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