asked

Prior to a divorce, I was demoted from an assistant manager to an hourly clerk in late 2007. I discovered my wife had been accumulating debt on credit cards and a home equity line, which she managed. We borrowed money from her parents and my father to catch up and sell the house, planning to use the equity to pay off debts. My wife refused to sell the house, leading to our divorce in July 2011. In the divorce papers, we agreed she would pay half of the debt to her parents and I would pay half to my father. My share to her parents was $12,000, and her share to my father was $4,000. I made a few payments but lost my second job and haven't been able to afford payments since. My ex-mother-in-law threatened legal action if I don't pay. Since they haven't received payments for over four years, am I protected by any law that prevents creditors from pursuing payment after four years? My ex-wife has paid her share to her parents but made no payments to my father.

May 7th, 2024

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