My ex-husband and I separated over 4 years ago after a 10-year marriage. The children live with me, with him having access. He’s still in the marital home, and is court-ordered to pay the mortgage on it. I’m renting.
I issued court proceedings just over a year ago. They’ve been a nightmare as he’s failed to co-operate.
By the time Form E was completed, he was earning £55k, I was earning £26k. Since we separated he’s somehow gotten £20k of credit card debt (holidays and cars from what I can work out). And I’ve just found out he’s now paying a very high rate of tax this tax year and next, as HMRC found he owes back taxes. He says he’s broke and on the verge of bankruptcy. And is dreading me claiming child maintenance because he just cannot pay it.
My question is - is all of this debt, that he’s accrued since we split, going to affect the financial settlement? I was hoping for a favourable split - I have the children, I earn half as much as he does, and my parents put in the sizeable deposit for the house (equal to about half the equity).
But given divorce is supposed to take into account the needs of both parties...he has so much debt now. Essentially, am I (& the children) going to suffer because of his stupid financial decisions?
Please or to access all these features
Please
or
to access all these features
Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.
Divorce/separation
Will ex’s new debt affect settlement?
6 replies
ElephantStamping · 09/08/2020 18:22
OP posts:
Please create an account
To comment on this thread you need to create a Mumsnet account.