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What are we each entitled to in our divorce settlement?

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Joint account still being used!!

  • Northernboy
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17 Apr 12 #324441 by Northernboy
Topic started by Northernboy
My ex asked me to keep open a joint back account so she could still pay some bills by standing order . So she is putting xxx money in a month to pay them but where is she getting this money from if she claims she gets nothing from the business wink wink ( could I use it to say she is getting more money then she say she is). When we get divorce and have to do the financial side can i tally her bank statements up with this joint account and if there is no cash withdrawal for her own account and The large bit off money appear inour joint account would that not prove she is cooking the book sort of speak. It''s quite a bit aswell and what happens if I decided just to take the money out?

  • somuch2know2
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17 Apr 12 #324444 by somuch2know2
Reply from somuch2know2
NO NO NO NO
Make her start her own account
She will have to disclose her bank account statements anyway

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17 Apr 12 #324446 by Northernboy
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I''ve only left it cause I can''t afford to pay the overdraft off myself, now I found my bank card has expired yet she says that no new card has arrived at the family home!!

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17 Apr 12 #324447 by somuch2know2
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Tell your bank manager you are divorcing and you want a stop on the account and cards- agree a repayment with him and be done.

Otherwise you will suddenly see that the OD is a lot higher than it was

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17 Apr 12 #324458 by cookie2
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Northernboy wrote:

My ex asked me to keep open a joint back account

Your reply should be "no". Having a joint account with an ex is a big risk. What if she cleans out the account and leaves it in massive overdraft? The bank will chase YO for it, and your credit rating will be trashed.

could I use it to say she is getting more money then she say she is

Absolutely yes. You should see the source of this money when you exchange form E''s. If it is not disclosed then it should be raised in your questionnaire.

what happens if I decided just to take the money out?

Well, firstly, all amicability would go out the window. You would be starting a war.

If it went to court then she would no doubt bring this up. She would say that you have taken joint assets and that that amount should be deducted from your share of the assets. The judge would very likely agree with her.

Best plan is to close or freeze the joint account, agree how to split the balance/debt, and set up individual accounts.

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