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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.


get him off

  • minxy1912
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07 Aug 12 #347945 by minxy1912
Topic started by minxy1912
is there any way i can leave the equity in the properties to my children so my ex husband cant take it then go bankrupt??

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07 Aug 12 #347952 by fairylandtime
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Hi minky

Welcome to wiki I take you haven''t sorted out your finances but have divorced?

I also presume that the house is in joint names? Has your ex threatened to go bankrupt or is he actually going bankrupt?

I am no expert but my ex was "suggesting" bankruptcy & my sols advised me that if he were to do so before the Consent Order was sorted that there would at the very least be a charge on the house for his debt & that I would probably end up paying it in the end :(

In view of this my sols & I tied up the CO as soon as possible, I took the majour share of the debt on myself but managed to keep the house & my pension. X did not go bankrupt & I am now paying all the debts but at least we have a roof over our heads & are moving forward. X can not have a claim on me now, neither can I on him (aside from CSA).

Have also tied up my will also as want it to be protected for my boys.

I would recommend a good sols, mine was expensive but ... Now I look back I do think we got the best deal.

Stay strong JJx

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08 Aug 12 #348089 by minxy1912
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thanks for your reply,yes you presume correctly. ive been told the same as you by my sol,i just wonderd if anyone new of any loop holes to protect my boys. I have changed my will. I dont think he got any choice than to go bankrupt as he got debts but not working,his mobile has already been cut off.
Thanks again
Minx

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08 Aug 12 #348282 by fairylandtime
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Hi there

I would try & get the CO order & financials sorted ASAP then. As soon as he starts the bankruptcy part they will charge against the house or can still put a charge on the house if the CO is part way through.

I think there is a short window where you could protect yourself, as it may also effect your own credit rating (If I remember rightly) your sols will know more.

Sorry your going through this, for my x it was mainly used as a Vauge threat more than anything, although x was always bad with money so was a possibility.

JJx

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09 Aug 12 #348347 by minxy1912
Reply from minxy1912
thank you,iam about to start proceedings for a co,just naffs me off that ive got to pay for it and he gets leagel aid.

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