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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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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.


Soft loan £70k

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27 Jun 17 #493895 by Sarah D
Topic started by Sarah D
Hello!

I'm about to embark on mediation and I know that on his financial declaration my ex-husband is going to say that he has a debt liability to his father of over £70k as his father paid for his flying training 5 years ago (he is a pilot). There was never any intention to repay this but of course now he wil say that there is. What questions should I be asking for?
- a copy of the loan agreement and repayment plan
- interest charged

The trouble is that the pair of them are such liars they will retospectively draw all of this up!

Thanks everyone :-)
Sarah

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27 Jun 17 #493896 by Sarah D
Reply from Sarah D
Actually it was 6-7 years ago! I'm sure that there haven't been any repayments in that period.

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27 Jun 17 #493899 by dukey
Reply from dukey
It probably won`t matter what paperwork turns up, unless dated and drafted by a solicitor with proof of repayment - not the case for you.

Even if there were an intention to repay the monies there must be enough in the pot as it were to satisfy the debt after respective needs, more so if you have dependant children.

Soft loans are rarely given serious consideration especially if it escalates to court.

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27 Jun 17 #493908 by Sarah D
Reply from Sarah D
Thanks, so would that mean he is likely to get more assets if he has more liabilities? Even if it's a sham loan? Thank you!

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27 Jun 17 #493910 by dukey
Reply from dukey
Its impossible to know with no details.

Talk to a lawyer and have a report drafted to find out what is fair for you both, but they will ask lots and lots of questions before advising which is the nature of the beast.

www.wikivorce.com/divorce/Legal-Advice-O...cial-Settlement.html

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27 Jun 17 #493911 by Sarah D
Reply from Sarah D
Thanks will do!

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