Assets and Debts

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

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.

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?