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

01202 805020

Lines open: Monday to Friday 9am-5pm
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.


Dissipating Assets

  • redwine47
  • redwine47's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
29 Sep 12 #358451 by redwine47
Topic started by redwine47
Nxt hearing 2 weeks. Finally got ''some discovery'' from stbx. He has now Dissipated all monies he held in his name. Approximately 35k in past 3years. Last 9k on solicitors fees rest don''t know.

I have paid private sol fees also but used wages from a temp post. I will have to pay legal aid back also at end.

I have lived quite frugaly so not to spend & have partime /temp job finishing nxt month, he''s a high earner & I believe he cld have paid for fees holidays. & lavish lifestyle etc from wages. I think he is doing this to receive greater share of assets.

How will court look at this? They''ve done nothing so far re his reluctance to provide discovery.

I can''t pay legal aid until end of the case! Will this be deducted before or after split of assets doesn''t seem fair he pays off fees now just before hearing & then gets my savings. What''s he spending his 50k salary on?

I''m so worried about money costs now as his legals r trying to use my temporary position & wking tax credits as income even tho job only for 4 month contract.

At end of tether.

  • maisymoos
  • maisymoos's Avatar
  • Platinum Member
  • Platinum Member
More
29 Sep 12 #358454 by maisymoos
Reply from maisymoos
Oh Redwine this sounds too familar. My ex did the same paid all his legal costs before FH, resulting in less to divide!! I had to then pay mine from my share of assets. I have lived and learnt, hindsight is a wonderful thing!:(

So the reality is its not necessarily true that each party pays their own costs in theory I ended up paying half of his as well!!

  • redwine47
  • redwine47's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
30 Sep 12 #358523 by redwine47
Reply from redwine47
Maisymoos I''m sorry this happened to you.... It''s just not right.... Fed up with: this crappy mess. grrrrr..
:angry:

  • redwine47
  • redwine47's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
30 Sep 12 #358540 by redwine47
Reply from redwine47
Surely the court will see what he''s doing spending savings on costs while using salary to go on hols etc etc. No discovery produced for remainder of his savings?

Wat''s the point of discovery if it''s ignored

  • sunday lunch
  • sunday lunch's Avatar
  • Elite Member
  • Elite Member
More
30 Sep 12 #358661 by sunday lunch
Reply from sunday lunch
i am having similar experience at the moment whereupon my ex had dissipated £120,000 and he got away with it and the court decided not to take into account.

He had spent more than £60,000 on his legal fees and according to his legal representatives he is now building extra £40,000. He had spent extra £50,000 on his life style and travel while I had some of my legal fees paid from my maintenance and at the moment in personal debit of £60,000 plus mortgages.

  • redwine47
  • redwine47's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
30 Sep 12 #358663 by redwine47
Reply from redwine47
Sunday.. That is ridiculous... I''m sure you''re more than peeved to put it politely.. ... Why do courts bother if they''re gonna ignore the evidence & facts. It''s a disgrace have you asked why this is not being taken into consideration?

  • sunday lunch
  • sunday lunch's Avatar
  • Elite Member
  • Elite Member
More
01 Oct 12 #358689 by sunday lunch
Reply from sunday lunch
The excuse was he had paid half of it on legal fees and to top up his income. his yearly income is £100,000 net. I am on maintenance and have no income I have been trying but no avail, to make things worse I have personal debits and huge outstanding legal bills to my previous solicitor and was forced to represent myself.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11