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Very short marriage

  • FINANCE
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14 May 12 #330478 by FINANCE
Topic started by FINANCE
Hello, can anyone give any ideas on the following:

Marriage of 9 weeks after just short of 3 years together. Lived together for just over 2 of those.

At date first met:
Him
In middle of Bankruptcy proceedings
Lost house
Lost job

Her
Own house
Job
2 children at home

During relationship:

She remortgaged current home to provide deposit for new second home to live together. She purchased new home in sole name and rented out old home. She set up a ltd company and employed him. He received a fully expensed company van, mobile phone, uniform and wage. He had a restricted bank account and could not apply for credit after being declared bankrupt. Everything purchased was in her name.

Separation after 9 weeks of marriage.

At time of separation:

She still has former home with tenants in situ. She still has new home and is living in it with both children. She has credit card debt of £3500 (wedding costs) Business debt of £6500 and business overdraft of £1000.
He lives and is employed elsewhere, van and mobile phone returned to her.

He states that he can claim 50% share of assets? ie: homes?

He brought nothing into marriage and at present has left with nothing.
Advice welcome?

  • somuch2know2
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14 May 12 #330486 by somuch2know2
Reply from somuch2know2
Loads of people bring nothing, contribute nothing financial during a marriage yet they still walk away with something. Marriage is often a safer bet at income that stock.

You have 2 kids living with you, and it was short- I dont think you have anything to worry about. Kids are always the trumo card

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15 May 12 #330657 by FINANCE
Reply from FINANCE
I''d never refer to my kids as being the trump card !
Since separation my eldest has gone to Uni and youngest moved in with friends as a flat share so no kids at home now

And I still have two mortgages, the debts and a full time job

He has left with no debts and no assets at present

But thanks for your reply, I''ll put the info into the calculator on here see what comes out

  • Lostboy67
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15 May 12 #330667 by Lostboy67
Reply from Lostboy67
Hi,
I''d steer clear of the calculator is very often it produces strange results, if you are able to post the following someone may be able to offer a better idea

Your respective ages;

The number of children you have and their ages;

How many nights the children spend with each parent;

The length of your marriage and any period of pre marriage cohabitation;

Your respective incomes;

Your respective outgoings;

Your assets - both soley held and joint;

Your liabilities.


The usual rule of thumb for short marriages is that you take out what you brought in 9 weeks is as I am sure you are aware painfully short and even with the 3 years co-habitation would not be anywhere near long enough to be concidered long.

He can certainly claim 50%, he could claim 100%, and the sky to turn bright pink, but there''s a long way from claiming something and getting it.


LB

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