I'm sure you guys know by now that the debt I have is primarily from a failed business. I realized yesterday that there is another business started by my ex, but I am not sure if he put his name on the paperwork filed with the city/state/irs for tax purposes. I assumed he used his name, but I am not sure. I don't know how the paperwork was filed, but when he transferred it to the present owner, she told me later that the city didn't have a record of the business at all on file. 
I have a copy of the Occupational License with his name on it, but nothing else official.
The only reason why this is important now is because I don't know if I will get a tax bill years from now (the business was started about 3 years ago and I never received a tax bill or anything with my name on it nor did I sign anything for that business), however since we were married, the income and expenses was reported under the business name on our joint income tax return because I assumed he used his name for that business and everything was commingled. I don't think the 3 year rule would apply since the returns weren't ever filed. I would hate to go poking around and have them "discover" that I owe this huge debt "just because" my ex was too stupid to file the paperwork properly. In my experience lately, it seems like bill collectors don't care where the money comes from as long as the bill gets paid.
Since I'm over the Means, with such huge business debt, a Ch. 7 might fly, but if not, wouldn't this possibly increase the amount I pay into a Ch. 13? If my ex really owes it, wouldn't I end up paying it in a Ch. 13?
I just wanted to pose this question because I am in the process of drafing my Matrix and didn't know how to handle this particular situation. Something tells me to contact the proper authorities, complete the paperwork, list the debt so that I don't get any surprises later. My ex really did a number on me!!
I have a copy of the Occupational License with his name on it, but nothing else official.The only reason why this is important now is because I don't know if I will get a tax bill years from now (the business was started about 3 years ago and I never received a tax bill or anything with my name on it nor did I sign anything for that business), however since we were married, the income and expenses was reported under the business name on our joint income tax return because I assumed he used his name for that business and everything was commingled. I don't think the 3 year rule would apply since the returns weren't ever filed. I would hate to go poking around and have them "discover" that I owe this huge debt "just because" my ex was too stupid to file the paperwork properly. In my experience lately, it seems like bill collectors don't care where the money comes from as long as the bill gets paid.
Since I'm over the Means, with such huge business debt, a Ch. 7 might fly, but if not, wouldn't this possibly increase the amount I pay into a Ch. 13? If my ex really owes it, wouldn't I end up paying it in a Ch. 13?I just wanted to pose this question because I am in the process of drafing my Matrix and didn't know how to handle this particular situation. Something tells me to contact the proper authorities, complete the paperwork, list the debt so that I don't get any surprises later. My ex really did a number on me!!
, he did a great job
Comment