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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.


Debts

  • billy hunt
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05 Jan 15 #452945 by billy hunt
Topic started by billy hunt
Help, I need some advice..

I have a joint DMP with my STBX, however 80% of the debts are in my name. We are just starting the divorce process and as part of the separation of finances want to split the DMP so we each pay our own. However, I am concerned this may set a precedent for when the rest of the finances get sorted. Is this likely to be the case or should I press on?

  • harrydog
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05 Jan 15 #452975 by harrydog
Reply from harrydog
Hi
I was at FH last July, and our DMP was split according to the names the debts were in.

The DMP was totally different from the pension share and the equity in the house.

I self-repped, my ex''s barrister made sure the DJ knew what DMP was during the hearing.

If you''re concerned about it, ask for the split to be done when everything else if finalised, but at my FH each element was dealt with on its own merit by the DJ.

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