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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Have agreed 50/50 equity split with stb-x. However, she doesn't realise that the secured debt is now more than the house value. I'm living in the house and still paying bills, she's run off with new guy. As per the 50/50 equity split, will she be required to pay me half the shortfall?
Huska,
did she know about the secured debt? Was the additional finance raised with her knowledge and consent? Did she benefit from those funds? Is the mortgage / loan in joint names?
If the answers are yes, then yes, she is liable for half of the debt
Mike