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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.


debts and loans

  • mm
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25 Mar 22 #519043 by mm
Topic started by mm
Dear friends

Hope you are all enjoying the beautiful sunshine and feeling uplifted.

I have a question if anyone can kindly answer: During divorce, when huge sum as been withdrawn, loans taken, credit cards used, mortgages changed........does the other party have to be part of these borrowings made without permission ?

Reply would be appreciated.

  • seeingawaythrough
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28 Mar 22 #519054 by seeingawaythrough
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I think it would depend.. A loan or credit card would be applied for singly wouldn't 'it.
For a mortgage, it would depend whether the property/mortgage is in joint names. If it's only in one party's name then the other party wouldn't need to sign? If both parties are on the mortgage, then both parties would need to agree to any amendment, AFAIK.

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29 Mar 22 #519062 by mm
Reply from mm
thank you very much for response....greatly appreciate.

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