Legal Question in Family Law in Connecticut
Legal Financial Rights in a Divorce regarding Compulsive Gambling
A U.S. Marshall served papers to my husband today regarding a lawsuit in the amount of $14,000 that he applied for in 2004 and defaulted on. This is in addition to other monies in the past that he has owed. He has threatened to deplete his 401K and stop his paycheck to support the mortgage or our 9-year-old son. What are my options if he is a compulsive gambler or supposed ''reformed compulsive gambler'' and keeps putting me into debt, etc.? Right now, I work part-time outside the home and part-time inside the home but have no health insurance coverage or benefits? The deed to our house is currently in both names, however the mortgage payments are in his name only. In addition, we have a home equity loan out in both our names. Any info would be greatly appreciated asap. Please help me!
1 Answer from Attorneys
Re: Legal Financial Rights in a Divorce regarding Compulsive Gambling
If you divorce him, the amounts he has (provably) gambled away will be deducted from his share. That is, you'll probably get the equity in the house and the 401K, or most of it. But the longer you wait, the more he's going to deplete the 401K and encumber the house. It ain't pretty, but waiting can only hurt you.