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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.


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Statutory Charge interest payments if unemployed?

  • .Charles
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27 Apr 12 #326861 by .Charles
Reply from .Charles
The alternative is not to offer the credit facility and insist that properties are sold to pay the Charge back.

If you were to make no payments towards the charge, after 10 years the amount owed would be £18000.00 whereas a compounded interest of 8% would be over £21500.00 so there is a difference. Also, very few loans allow you not to make payments (or make nominal payments as is the case with the Stat Charge) for an undetermined period.

Charles

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