Why don''t loans count?

In our marriage we had loans taken out in my name for various things like a sofa, car and conservatory.

As said they are all in my name but the calculator does not give me the benfit of them by reducing the net assets by the amount of the loan whilst the assests such as the car are included.

Seems unfair, is this correct?

Thanks.

The calculator is a bit rough and ready and not able to take into account individual circumstances. The best thing is to post your details on here and people will be able to advise based on your ages, assets, income and debts.

Me 47 Her 50
Income Me 60k Her 0 (off sick for 4 years and let go)
Kids 18 just finished college and 14
Pension me £160k her £15k
House 170k no mortgage - joint
Shares me £20k
Savings me £40k her £10k
Car me £25K her £6k
Debts me £50k her 0 (I had to buy a car for my new job as I travel 35k miles for work and it cost £35k but lost £10k as soon as it came off the forecourt). I needed the loan for the car plus previous things.

Married 25 yrs with a two year split 5 years ago at her insistence.

After 2 years apart she had a serious illness so I came back to help her recover. Now she is better she wants me gone again!

If she is better then she can start work again? What is her earning potential?

If I were you I would make an offer that she can keep the house, if you can keep the savings, shares and your pension, and you''ll take the debts. I think this is about as good as you''ll get. If her earning is low then you might have to pay SM also.