I am currently filing for divorce. I live in Edmonton, AB. I have 4 children under the age of 12. My husband and I have no assets and we have a 1999 van that has 13,000 owing but I need the vehicle for my work and to transport my 4 children. My husband has 2001 Dodge Ram Diesel owing 35,000 and a 2001 27 foot westwind 5th wheel owing 30,000. I have credits card owing 15,000. I have a 21,000 loan. I make 2200 a month and can not make the payments. I am currently living with my mom whose is downsizing because of costs and I will need to find a rental unit close to the school and close to childcare. I have been unable to contribute financially to additional expense my mom is having because of the additional 5 mouths to feed. My husband has verbally said he would pay 1200 childcare but at this point in time not happening.
Will I be able to keep my vehicle? A car cannot hold 4 children plus myself? What would the trustee payment be? My husband does not want to sell his vehicle and trailer. But I cannot make the payments. What happens to him if I declare bankrupcy? What are my options? What kind of rental housing can I look for for a family of 5 after declaring bankrupcy? What should I be budgeting for?
I am budgeting my monthly expenses as following
- Rent 1000.00 (is this reasonable for 5 people?)
- Groceries 600.00 including diapers
- Utilities 600.00
- Vehicle Maintenance and Gas 150.00
- Clothing 200.00 month
- Babysitting 350.00
- School 169.00
- Insurance car and tenant/property 325
Is this being realistic? What are my options?
