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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 pre and post separation?

  • Haha
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28 Mar 15 #458786 by Haha
Topic started by Haha
STBXH had around £8k in hidden credit card debt when we separated. He wrote at the time that he would be responsible for any post separation debt.

Two years on, his debt is now at least £15k...and rising

He wants that to be paid off using house capital and then the proceeds divided between us.

Am I right that we may have to split the original £8k debt, but that the rest is up to him to sort out? And that it should come out of his share?

  • Haha
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28 Mar 15 #458788 by Haha
Reply from Haha
and if it helps:

late 30''s
RP, 2 primary school age children
£12k salary
£31k pension pot
car worth £2k

late 30''s
£56k salary
£140k pension pot (but SERPS not declared)
car worth £1.5k
Debt at least £15k (£8k pre separation)

STBXH currently living in house
capital after mortgage repaid likely to be £130k

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