Divorce Asset Repossession Options

Summary

Repossession of assets during a divorce can impact credit scores. Negotiating with the bank and transferring titles may be options. Consulting a local attorney is advisable.

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My boyfriend is going thru a divorce and it’s costing more than he can afford. His ex wife has two of the autos in his name and one is attached to the RV my boyfriend has. Can he let the bank repo the RV and auto.
Hello ****, I'd be happy to help you. To provide the most accurate information, could you please tell me your boyfriend's location and whether there is a divorce decree already in place that addresses the division of assets?
Iowa and there is no decree yet
Hello ****,
Based on your boyfriend's location in Iowa and the details you've provided:
*. If the divorce isn't finalised, property division might not be settled yet.
*. Regarding the repossession, it might negatively impact his credit score.
*. It would be wise to consult with a local attorney for specific advice.
*. Legal Aid may be an option for affordable assistance.
Remember, this is just general advice.
She doesn’t want the RV, but she wants the car that the title is with the rv title. My boyfriend has no personal car of his own
Hello ****,
Given the situation:
*. Your boyfriend could consider transferring the car title to his ex, if she agrees.
*. He might want to negotiate with the bank about the RV, avoiding repossession.
*. It's beneficial to document all agreements.
*. Consult with an attorney for detailed guidance.
Remember, this is general advice.