Sanders shops all the top term insurance companies to save you money gets started at zander.com well i'm going through a now three-year divorce and uh... having hard time uh... financing the rest of the divorce reviews up quite a bit of assets that time uh... so you're actually out yes yet why is it right now for three years soon to be uh...
she had a uh... she had a stakehold in her company that she works for uh... they have private shares of private company so we had to do like long discovery process because they were unwilling to give the information though i had a high-referenity count the accountant uh... had to do a lot of the and you know this cost me probably two hundred thousand out over those three years do you have that money i did now i'm out though i've been uh...
sign up for credit cards to paper to pay for the use and the account how much credit card that even uh... about thirty thousand now and counting because we're not what's still litigating and where's the end inside here uh... who was supposed to be done in february but the stock price changes every march so let's play this out what if this is another two years and now you're two hundred thousand dollars in debt was it worth this yeah because every year and this is what i tried to talk to my ex-wife about was every year the stock price goes up and we own about three hundred thousand shares in the company which if it fluctuates a dollar that's close to another half million a year just at the dollar share increase so we're looking at one point seven million difference from twenty twenty five twenty twenty six in the back of this point we're gambling because if you lose this thing and you're two hundred and that now you're screwed yeah i'm kind of getting richer and poorer so it's it's a weird can you move this mediation there are basics every family needs food shelter transportation and term life insurance term life is simple if you pass away it pays money to your family so they can keep paying the bills protecting the people you love is part of winning with money and when you're ready to do that go with who i trust zander insurance zander shops top companies to find the right coverage at the best price and they've earned my recommendation for nearly thirty years go to zander dot com today can you move this mediation we've mediated three times now uh... confused with the whole of this what why is this not what what what else you have to have for the final uh...
for her to i guess give up and face reality you know we try to mediate and work so far off of the numbers of basically needs to go to trial and the trial date is to get pushed off the docket and move forward for the non-cooperation on on their side we want to get it done sent an offer no-counter offers work uh... so it's just drawn out that he's just drawing out so that she'd believe me basically but but it's worked now you're going to put the debt at some point you're gonna have to give up and wave the white flag while making lawyers really rich you have funded some really a nice lifestyle for some lawyers though for sure and sure the bill and cool to the backyard i mean someplace we just make this a peace treaty and cut our losses or take what you get to a compromise now to do that is all or nothing for you like what is up with what's a what's a decent scenario that you get some of the shares well we have the company had a call that clearly states how the shares gets put into divorce uh... and they write a check you know for whatever the court determines so it's actually the company's very simple with the simple process uh... what's but what what's from the legal perspective why is it drug out if it's that simple what you're saying i don't understand why all the lawyers don't see that and in the air with discovery discovery was the longest part of the process in the forensic accounting part and then so but it costs money you know that cost money i knew that it was going to be a she we hit it should we get separate assets and i hear all the time with you get though we lost your chris yes okay well this is a discovery was a long as it over because you said you guys can found everything but in the stocks change over in march so now we're in april so what's your what's your what's your final to live five more years like this chris no we're looking at possibly so my lawyer has told me that meeting in may and then we determine what the next trial date is and that's supposedly going to be september and they're going to keep working on the thing that whole time yes so this could go a whole other year before there's some resolution which means you're not a hundred grand and debt easily yes but i don't know how to get out of that i think that you're stuck in the process what's your own today what's your image that you have chris how much i mean house your assets what where you have financially uh...
i still have two properties in the care lives better i don't know right one burned down my wife filed for divorce in that way of twenty three and then house burned down a week later up in care of our house at those words probably fifty thousand and then uh... the other properties about fifteen sixteen thousand what's your total network but a property is it is it just land i had a house that i burned down it at seven player so the land is only worth fifteen grand new fifty grand for that one hundred and then the week the land across the street at about sixteen thousand okay i was really come there's two properties and a company and it's actually it's like last month i had made a thirty thousand this month probably make like five thousand so over a week uh... hundred thousand i work on uh... medical equipment man i would personally i know this is like your son cost fallacy i would cut my losses and go you can rebuild a great life and build wealth from scratch your smart guy you'll get there i also know that you could burn another hundred fifty grand in the off chance you can make half million a year i just don't think the risk is worth it and stress it's gonna take years off your life to keep this battle up emotionally mentally on top of financially what it is yeah and i would i would sell those properties i wouldn't be along the lines and lard on the other's in the occupancy in this situation so i'd go ahead and get rid of the fact that if you're gonna keep fighting yeah and that's sixty six grand that you'll have uh...
to help at least pay off some of this credit card that and i think this you have to make a decision to say okay at you know whatever that breaking point is for you we're never gonna tell you to continue to go into debt uh... so yourself if you if you're choosing to play that game you at least please you at least need a point in your mind to say if we get to x point on the calendar and nothing has moved or there's no said there's nothing like even if a child it you know keeps moving out like you can't just live in the cycle forever and ever like your said this is the same part of your brain like a gambling addict or they just go well i just got a double-down this time to be different i'm gonna get it this time yes i just think it's worth it when you're smart guy making great money when i'm very and it's a little confusing if if it's so clear in the bylaws of the company of what happens to the shares in in the case of a divorce how how that's not it would happen by now yeah i'm being naive right and again i know every divorce is very different every state is different every look whatever but how it's not spelled out like that and that's part of all the assets that are my fear is that you've been a three-year rollercoaster that is not a pretty of your children it's just about i could have a gigantic pile of money and i won't have that that sucks i'd read that move on absolutely all sorry christ hope that's helpful to the advice you wanted but sometimes it is just a to cut the ties just to get everything settled and be done and move on sander is the best place to find her life insurance to protect your family visit sander dot com for quotes today