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What are we each entitled to in our divorce settlement?

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business issues

  • susanne1
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01 Jan 08 #9783 by susanne1
Topic started by susanne1
Does anyone have any experience of having a business tied up in the divorce proceedings? We have 25% shares in a business we ran with my parents, this included the family home. Now we are having to sell, as we don't want to run the business with my X2b...

This leaves me totally confused, i thought the split would be 50/50 of the assets that pertained to us as a couple, although i am the sole breadwinner, and we have a 4 year old who my mother looks after. He doesn't work outside the business, and it hasn't yet made a profit, so we have not received wages from it.

The Divorce Calculator says i should pay him maintenance, but there is nothing stopping him getting job....just too lazy.

Help, any advice welcomed....he is being totally unreasonable and is very belligerant, aggressive and possessive of our son and the property....not necessarily in that order.

  • rosiegirl
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01 Jan 08 #9789 by rosiegirl
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I would advise you to get some advice from a solicitor. I've had issues re joint business tied up with stbx but with him in the controlling strong position as he controlled all the purse strings etc. It was only after getting some advice that I could stand up to him and say what he was doing was wrong and not allowed.

  • Specialdad
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01 Jan 08 #9792 by Specialdad
Reply from Specialdad
The company will be valued either on the net assets basis or on sales multiple.

The valuation will go into the matrimonial pot.

Try mediation before full court proceedings, it will save legal costs.

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