Brief History: Was married to my first wife for 17 years and have to children that are under the age of 18 that I pay child support on. Bought my house in July of 2006 by myself. I remarried in December of 2006 and sold my current wife's house where she spent the proceeds on everything but paying off her debit. Upon moving into my house she put me about $12000.00 in debit because of the remodeling her materialistic personality needed.
I recently found that she was WAY WAY WAY in debit before we ever got married, on top of having a very shaky marriage.
We have now been married a very short year and I see that this marriage is doomed.
Here are my concerns: I dont want to lose my house. I have 2 children to raise and no family to speak of. There is little equity built into this house because I purchased it with no money down. I have to have a home to raise my children in.
Spousal support: I already have a very hefty child support payment that is very important to me and dont feel like it would be fair to strap me with spousal support, given the fact that she works full time and has the ability to lean on her parents as much as needed.
Lawyer Fees: I have a daughter going to enter college next fall and I am saving every penny I have to help her.
I have spent every penny I have to make my wife feel comfortable and provide for her extravagant needs.
So what should I truly be worried about? What advice can you give.