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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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Debts - best to wait for the demand to arrive?

  • stickleback
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08 Jun 15 #462736 by stickleback
Topic started by stickleback
I was planning to start proceedings when I got a letter from a foreign tax office, saying they think I am liable for ~£30k in tax from when I was working abroad (during our marriage). This is still under discussion/appeal at the minute.
If I started divorce proceedings now, would I end up with all this debt, or could it be factored in to the settlement? Or should I wait until the bill lands on the mat so its concrete, and then start?

  • LittleMrMike
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08 Jun 15 #462751 by LittleMrMike
Reply from LittleMrMike
As far as English law is concerned, husbands and wives are not normally responsible for each other''s debts, lthough there are some statutory exemptions, for example Council tax.

If a debt was incurred for the common weal - for example a loan to finance improvements to the family home - it is possible that responsibility for the debt might be split.

I can''t comment on the law in a foreign country, so can''t say whether your x2b could be liable for your tax debts. I''d say that likelihood is that the debt would be taken into acount in deciding what is a reasonablesplit.

LMM

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