Also with regards to the house, my wife now seems to be suggesting that she will be able to raise funds from a third party to 'buy out' the equity, something which the OR suggests is a good idea in their literature. How does this work? I still can't pay the mortgage and secured loan payments - nor will I. Will I be liable for anything? Does this 'buying-out' procedure mean that she has to take over the mortgage and the secured loan or what? I just dont know how it will work.
I have no pbjections to her retaining the house as long as I am not left liable for anything. She is the main reason I am in this situation now. My BR means that the sale of the house would be forced by the OR anyway.
BTW, the house is currently in my name only - NOT joint mortgage. I also think that her line of reckoning is that she will not have to have anything to do with the secured loan - this will still be my problem. I can't see how this could be the case. HELP!!!
Any suggestions will help - thanks.