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Assets and Debts

  • ag234
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10 Sep 07 #3082 by ag234
Topic started by ag234
More ongoing financial questions...

My Ex2B has stated to the mediator that she will give me £40,000 as a balancing payment for our equity split. Very nice thank you.

However, she is claiming that this will be a debt of hers, and as such will count against the total asset base.

In effect my £40K will lead to a £80K differential. Is this not double counting?

If it is the case that any debt counts, should I not be out there spending for Britain?


Regards

andrew

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10 Sep 07 #3118 by gone1
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No this is not right. Its a debt after decree abs so is not part of the mariage. She is buying you out. Thats it. Chris.

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10 Sep 07 #3119 by ag234
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ChrisM

Thanks.

So, you are saying that she cannot count it as a debt?

The position is that we are in the mediation stage prior to instigating divorce.

The other question is what is the 'cut off' date for calculation of assets/debts??

I was asked to leave the family home in April 2006. Would that be the date at which to consider assets, or would it be the date we agree to a split in assets ( september 2007) or the date of actual divorce?

can I choose? or is it yet another thing to negotiate?

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