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Settling Debts before Financial Settlement discussions

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21 Aug 21 #517517 by unsuckered
Topic started by unsuckered
Hi all, my Ex and I have been separated since last year and I moved out in January. Before I moved out, I had some debt on credit cards and personal loans but I also have a sufficient amount in savings to cover this.

Since moving out, I've continued to top up my savings monthly and also service my debts.

My Decree Nisi has recently been issued and I need to sort out a financial settlement with my ex and get a Consent Order signed before applying for a Decree Absolute.

We have agreed to see a mediator to help facilitate this.

My question is - Is it ok to pay off the rest of my debts using what I have in my savings? (Its personal debt and its personal savings). I'm not clear what the rules are on this but I don't want it to seem like I'm suddenly rearranging finances ahead of a settlement.

Also, my Ex lost her job 2 months after I moved out, does this have an effect on said settlement and does this introduce the possibility of my paying spousal maintenance (we have no kids) ?

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