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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.


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.


Joint debts and money matters..

  • Amstard
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28 Feb 08 #15231 by Amstard
Topic started by Amstard
I have finally recieved my petition...

I'm blmaed of course and the reasons are a load of tosh but I have decided not to defend it as it seems like a lot of work just to say I am right.

What is worrying me though is that there is no mention of the finacal matters of the marriage.

There is a joint loan that I have been taken to court over (and now have a CCJ agaisnt me on) which I would naturally like her to help me pay and there are other matters such as credit cards. There is also the matter of her having sold some of my property about 6 months ago which I have never seen the money for. In order to get some kind of judegment on these do I have to defened the divorce, or does this come latter?

  • mike62
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28 Feb 08 #15232 by mike62
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Amstard,
The financials do come later. Wise not to defend petition, though you can say you disagree with the reasons. Lots of money spent for proving a point. Outcome same = Divorce

Anything joint is just that - joint.

Pretty well all the assets that you have are considered marital assets, so the property that she sold too goes in the pot.

Go read the wikivorce step-by-step guide to divorce. Top of page - 'Resources' menu

Best of luck,

Mike

  • Mrs Ingledew
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28 Feb 08 #15233 by Mrs Ingledew
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These come later. There should be prayer section at the back of the petition - ensure nothing is crossed out. Just ensures all bases are left open to both of you.

In my simple terms there are three parts to the divorce...
1) the divorce bit ie Decree Nisi and Decree Absolute
2) the finances - covered by ancillary relief
3) the children - child statement

  • Amstard
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28 Feb 08 #15238 by Amstard
Reply from Amstard
Thanks for the advice guys,

I was reading some other posts and it was noted that any debts created during marriage become joint debts. In my case I have a debt that was taken out while we were living togeather but before we were married (it was to acutally pay for the wedding). I have bank statements that show the money went from my account to hers and our joint account would I be able to claim this as a joint debt?

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28 Feb 08 #15243 by Mrs Ingledew
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Try anthing - my ex does!!

Sorry to seem sarcy.

My situation is (I hope)unusual. We have significant debt - all matrimonial and should be split but relaistically I will pick up all the debt not in his sole name.

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