A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
Call for FREE expert advice & service info


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.


Obligations pending consent order and divorce

  • bradstone
  • bradstone's Avatar Posted by
  • New Member
  • New Member
More
04 Jul 07 #1152 by bradstone
Topic started by bradstone
We have agreed everything financially and are having the Consent Order drawn up
The FHM is up for sale and my wife will remain there until sold
I am continuing to pay the mortgage until sold and my wife has agreed to pay the household bills and I am switching the Direct Debits over to her account


I have agreed to pay 15 pct CM and am not asking for the usual 1/7 discount and will also continnue to pay for private health insurance for the little fella

My question is am I obligated to pay CM now or the fact I continue to pay the mortgage until sold is that considered as contribution towards CM

Any help appreciated


My quest

  • pinkfish
  • pinkfish's Avatar
  • Senior Member
  • Senior Member
More
05 Jul 07 #1158 by pinkfish
Reply from pinkfish
Hi there,

as far as I understand it CM is seperate from any other finance you have agreed to pay. Hope this helps you and that no hiccups occur in getting the Consent Order.

Pinkfish

  • wikivorce team
  • wikivorce team's Avatar
  • Moderator
  • Moderator
More
05 Jul 07 #1166 by wikivorce team
Reply from wikivorce team
bradstone,

Based on my understanding of your current situation....

You are not currently legally obliged to pay the CM and the mortgage.

You are contractually obliged to pay the mortgage to the bank based on the loan agreement you signed.

You are morally obliged to pay the CM.

Once the Consent Order is in place then that will dictate what you should pay - but until then there is nothing in place legally to stop you paying mortgage or CM.

Obviously you can see the potential consequences of stopping to pay:
1) Stop mortgage and bank will be on your case (and hers if it is joint)
2) Stop CM and she will be upset and may even go to court for interim order or to CSA.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11