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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.


Debt arrangement

  • ipkiss
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10 Feb 08 #13448 by ipkiss
Topic started by ipkiss
Hi...

Im sure this may have been asked alot before...

But, I've had the petition through from my wife who is applying for a divorce. There is a lot of debt between us but she does not want to continue paying towards it.

At what point to I bring this into the proceedings?

Thanks

  • Josh2008
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11 Feb 08 #13459 by Josh2008
Reply from Josh2008
As soon as possible.....

You can start the process immediately, but if going through court, it will have to wait until after the nisi

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11 Feb 08 #13472 by ipkiss
Reply from ipkiss
Thanks...

How do I start the process? what do I need to do? Do I include it on the defense document (defending the petition?)

  • dukey
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11 Feb 08 #13497 by dukey
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Hello read the wikivorce step by step guide it will help.
Chooseing to defend the petition is a bit like backing a horse with three legs and bad eyesight it will be slow and you loose all your money, if you accept it (i hope you do) the nisi could be as quick as six weeks then you can begin to sort money out (form E) you both fill in detailed forms (disclosure) that gives the court a full over view of assets and money owed, if you cannot agrea who gets what and pays what the court will at a hearing (fdr) they will consider all factors (who got the loans and for what).
I would also contact the lenders and explain the situation.
So defend and waste time and money or accept and get the ball rolling, dukey

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