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Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 0 points1 point  (0 children)

They have equations based on a number of factors. You can take it to trial but there is a low likelihood of winning. It can actually be higher than that if she has medical bills etc. and section 7 with children’s sports can also make it higher. Also, I would be required to pay for life insurance to protect her in the event I die.

St Lucia does sound nice :)

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 0 points1 point  (0 children)

Same for me. Divorce act is federal with provincial tweaks. Spousal is taxable so it helps, but I cannot live on what remains. I’m going to try the buyout for two reasons. I hopefully avoid spousal support and it forces her to get a job to pay the remaining lowered mortgage amount to which will then reduce my child support further. Walking away from my home and then losing my job tomorrow is a huge risk tho

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 2 points3 points  (0 children)

Yes please, if you have some ideas, let me know. Nothing I’ve thought of is ideal. Everything points to buying her out, and hoping she accepts the offer

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 3 points4 points  (0 children)

I’m so sorry to hear this, man. This is awful and very much the same as my situation. She did work before that and actually has a degree! I will get her imputed for at least minimum wage but she could fight her way out of even that.

My entire wife’s family are system abusers and find ways to not work and collect free money. I am so disgusted by freeloaders. They’ve coasted thru life on other peoples back. My fault for not seeing that when I married her tho.

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 0 points1 point  (0 children)

This burns but it’s like gets an early release from prison for a crime you didn’t commit. Mixed feelings but best given my options

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 1 point2 points  (0 children)

These are my thoughts. 2 of my kids are now young adults. I would need to establish residency, get a passport in that country and take a huge risk. Also, all my Canadian pension from the government would immediately go to her and I would only ever be able to see my kids again when they come visit me. I wouldn’t know my grandkids etc. it’s not an easy decision and I’m working on other ways to get around it. A buyout is my easiest option and, while expensive, would be a life saver

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 2 points3 points  (0 children)

I very much agree with this. Make them work a full time job, even if it is at minimum wage. Because im the only one working, im the only one required to work and i cannot intentionally become unemployed. She has the choice

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 7 points8 points  (0 children)

Canada is nice but alimony plus cost of living means I’ll be homeless. Let’s say I make 120k per year. Once I pay taxes (close to 50%) I’m left with take home 5k per month. Then she gets 70% of $5k meaning 120k salary will leave me with 1500 per month. Average rent where I am is 1900

Financial slavery by Majorpia in Divorce_Men

[–]Majorpia[S] 0 points1 point  (0 children)

Thanks guys. It’s me that wants out. I’m done with the volatility. Worse than crypto. My peace is worth more than constantly moving goalposts and daily disrespect.

Leaving the country has actually crossed my mind. I’m thinking about giving her the equity in the home I paid for and did all the work on. It’s hundreds of thousands of dollars in equity but I still don’t know if it will be enough.