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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.

Finances/marital home

  • REads
  • REads's Avatar Posted by
  • New Member
  • New Member
29 May 12 #333884 by REads
Topic started by REads
Help .
I got divorced last year after leaving the marital home and my two children , 19 and 14 years of age . I left the home/ marriage with debt , about £14000 . The financial side of the marriage hasnt been sorted out yet . I''m currently not working due to an operation and don''t have a penny to my name and to be honest I really am not sure the best route to take to resolve my situation . Any help or advice would be really appreciated .

  • cookie2
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  • Platinum Member
  • Platinum Member
30 May 12 #333984 by cookie2
Reply from cookie2
This depends on the facts:

1. Your respective ages
2. The value of the FMH and the outstanding mortgage amount
3. Your respective incomes including any benefits
4. Your respective pensions
5. Any other assets such as savings, shares, cars, other properties owned etc
6. Any current debts or liabilities such as credit cards, loans etc, what they were taken out for, whose name
7. Where do you live, do you rent, how much rent do you pay and since you are not working how do you afford it? Is your lack of employment temporary or long-term?

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