How is Debt that has accrued after separating and divorce delt with? My ex husband has agreed it’s not my debt but he also can’t expect me to agree to an increase in his liability making reductions in our assets can he?
You refer to your ex husband. Let's be precise, shall we ? Are you actually divorced, ie has a Decree Absolute been made ?
So, if there has been a divorce, has there been a financial settlement ? Has a Court made a final financial order ?
If you are divorced, what your ex does afterwards is not your concern, is it ?
And what you do isn't any of his business either ?
One of the objects of divorce law is to settle
financial matters between the former spouses so that each can start with a clean slate. So if you won the National Lottery, he can't make a claim against your new found wealth. And the other way round of course.
If your financial affairs have not been settled, then life must go on and both of you can live a normal life, but what he couldn't do, for example, is to buy a Maserati and then
say that because of the repayments on the loan he can't afford to pay you maintenance. If he tries that on, he is in for a surprise.
Every time I make a credit card purchase I am incurring a debt. Within reason you can do that while a divorce is pending, and so can he.
Thank you fir your response, we are divorced (2016) but we never did a Clean Break or Consent Order, he has increased his debt burned by £40k to extend our family home (I moved out and live in our second property a flat) they are our only assets. His home is worth a lot more than mine but he doesn’t have any money to settle with me and he is expecting to agree to an increase in his liability’s (40k) yet I nor the children have benefited from this debt we have been to our FDA both LIP the judge recommended a clean break with no settlement I’m absolutely astounded!! He was the bread winner he has re married she works full time. My lifestyle has had a rapid decline and the only way I’m able to afford my mortgage is by renting a bedroom out.