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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.


re feel like walking away

  • lovey
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02 Dec 07 #8252 by lovey
Topic started by lovey
My situation is been married for 7 years been together 17 all together, 2 children , 5 and 7 , hubby has had a bad business year !!we have been on a mortgage hol for the last year which end 1st January, we owe £385k the house may sell for £450, he says i can have equity how kind of him, he has just started to pay £38 pw awarded by the csa, he pays the odd bill now and then and has jsut agreed to give me £300- £400 each month. i am now on income support, have started to look for a job, i have an opportunity to go back and live with my mum for a while which is not ideal but may have to, does he have to supply us with a home at the end of the day, he now says his income wont be able to afford a mortgage anyway. i just dont know what to do anymore, everyone says different things and just so confused, i wish i could get a one way ticket somewhere.

  • loobyloo
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02 Dec 07 #8256 by loobyloo
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Hi lovey
oh dear what a pickle
as far as i know, i could be wrong, he has to keep you in FMH til kids leave full time education.... but if he genuinly dosent have funds and you went down the court path I think that you may perhaps have to settle for less expensive property
My sol advised me to berealisticwhen looking for houses.. but on other hand not going to have me in a slum
Also you may eel better going to your mum but i made a huge error of jugement when left house... he refused to move out... and now still in it.. doing god knows what.
Its a long and messy road and as i say on posts , I can only give the value of my experience but alot of very clued up boarders on here so worth sticking around
all the best to you
looby

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02 Dec 07 #8257 by lovey
Reply from lovey
I think that is right he does have to keep in fmh until kids are 18 but the money is not there, cannot affford the £1600 each month, social will only pay up to £100,k he doesnt live here any more, quite willing to look for a reasonable house but still there is no money, can he be made to work, self employed Golf teacher, earns at least £50 ph teaching. boy it is a mess lovey

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02 Dec 07 #8263 by loobyloo
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He cant be physically be forced to work ... but potential earnings be taken into account if able and not disabled.
Its a very complex system we live in and have to abide to
again... good wishes to you
looby

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