Recently had email from X stating that settlement is based on certain factors...i am fully aware of Section 25 Matrimonial Causes Act 1973.
My question is would i be liable for their debt...this has accrued over the last couple of years, X has been earning good money for a long time and has had ample time to pay debts but appears to owe HMRC outstanding taxes...hasn't filed accounts for 2015/16...has possibly racked up credit card debt...he has been living an extravagant lifestyle, going on expensive weekends away etc. Surely this is his liability and should come out of his part of the pot.
I haven't signed anything which connects me to the debt and have only recently been made aware of the HMRC debt. No joint accounts bar the mortgage which is joint.
Any advice gratefully received...i am barely keeping my head above water so am obviously very concerned/worried about this.
How is this possible? They are a high earner and like i said have been in a position to pay this debt off. The amounts that have been paid into the business account will surely suggest that this debt should have been paid off. Why should i pay for the extravagant lifestyle...it is financial misconduct as far as i am concerned.
I am now sick with worry as i have no career prospects, no pension and work zero hours...
If he has not paid this but been spending it on himself then it won't be included. It will be his own debt.
If he can't pay as he didn't have the money then my understanding is it will be a joint liability.
The key is being able to prove he could have paid it and didn't.
In my case I had bills to pay and literally had to choose between mortgage or HMRC. I had to choose mortgage otherwise our only asset would have been repossessed. And with zero help paying bills from my full-time ex something had to give.
I am hoping this is joint liability, as she is spending all she has on herself and giving nothing in.
Kudos to you for doing the right thing and keeping up mortgage payments at the detriment of your tax bill!
I'm hoping for the opposite to you...at one point this individual was earning 10k pm...he is spending it on himself and OW...they can do what they like but i'm not prepared to jointly fund their lifestyle...its laughable!
I pay all bills he pays the mortgage and that's it. Doesn't pay any CM as both children are over 18.
I have a job (Zero hours) and I am doing everything i can to get a salaried job but in my part of the world this is near on impossible.
It appears to me that the honest, decent people are the ones that get penalised and the liars, cheats get away with anything...even not paying the tax man...wheres the justice!
Yep same here...eating and drinking out, several holidays a year, expensive weekends away the list goes on...mean while i'm trying to make ends meet, get council tax reduction and tax credits without success, don't know from one day to the next if i will afford a roof over my head and have been threatened by the x that i will be liable for this debt.
Who ever makes up the rules must have tunnel vision and be having a laugh because i can't see anything fair here!!