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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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Debt question

  • john1921
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06 Mar 13 #382846 by john1921
Topic started by john1921
Firstly hi everyone!

Right here goes......

I was married for 7 years and then decided to get divorced due to my ex wifes unreasonable behaviour. We have two amazing children together.

I finalised the divorce on 1st jan 2011 DIY style.

When I left the relationship I carried on paying the joint loan we had together (both our names on the loan aggreement) and have never recieved any help with it from her. This loan has now been paid off in full. And she had all the family assets from the house (white goods etc) due to the children staying with her etc.

I have only just got round to trying to start sorting out a Clean Break order with her.

I am correct in believing that she is still responsible for the "debt" and it will be taken into account by a court when offsetting against my pension

Thanks very much

  • butterfly crossing
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08 Mar 13 #383276 by butterfly crossing
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Welcome. You will find lots of help and support on here.

Not sure how it will work as it is paid off. I am sure one of the wise wikis will be able to advise you.

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09 Mar 13 #383437 by john1921
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Thanks.

Are there any wise wikis avaiable to answer my query? I woud be very grateful

Thank you

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09 Mar 13 #383442 by WYSPECIAL
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When you go for fdr they look at the total pot of assets and debts. If it is paid off then it isn''t in the pot.

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