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Larry and Shawn King -- May Come Down to Money

6/13/2010 10:00 AM PDT BY TMZ STAFF

Larry King and wife Shawn King have not withdrawn their divorce petitions ... and we're told the tipping point is money.

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People familiar with the situation tell us nothing is going to happen while Shawn recovers from what may have been a suicide attempt.  But before that crisis, we're told one of Larry's lawyers  presented a proposal to Shawn's lawyer to undo an agreement he signed several years ago ... in which he signed over all 3 of their houses to her.

Larry signed the document after Shawn accused him of sleeping with her sister. 

And, we're told, one of Larry's lawyers -- not Dennis Wasser -- submitted a proposal for a new division of property that did not sit well with Shawn.

As one source says, "It will come down to striking a deal on the money issues."

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