My question involves a marriage in the state of: GEORGIA
Final divorce decree 2/25/1999.
In original divorce decree there was a home equity loan of $30K . They were to split the $30K with him obtaining a loan and paying $15K to the ex wife in 45 days. If he could not do that she was to repossess his truck and sell it for no less than $4K and apply it towards the loan and he was to get a loan for the $11K balance payable in another 45 days. She got the truck and never sold it. He hasn't paid anything towards this. They went to child support court in January 2003 and before the hearing she presented him with a promissory note for the loan to be paid directly to her at $200/mo. He signed it because she told him that if he didn't she would push for him to go to jail on the child support arrears. Fast forward to yesterday 9/14/2010. He received a letter from her stating that he now owes her $11K with 11 years of interest at 7%. She has not said one word about this debt since 2003. He has not paid one penny thus far. She is threatening to have his wages garnished. Is this collectible? Is there a statute of limitations on divorce decrees. Is she in contempt for not selling the truck?

