I posted this on the relationships thread but it's probably better here. Any advice gratefully received.
It looks like my BIL is on the brink of divorce. He's been with his wife for a few years but married for just over one. His wife has a history of building up credit card debts whereas he has always been extremely tight good with money.
He has ended up in a lot of debt (20k, not including mortage debt, obviously) as a result of keeping her in the style to which she is accustomed. Money has always been a big issue between them and it appears that he has always, stupidly, given her what she wants). A few months ago things became critical. At least one mortgage payment was missed as a result, maybe more. Since then BIL has been juggling his relatively meagre salary to cover all outgoings, whilst she continues to spend all she earns, refuses to address the issue or pay back anything other than the minimum. She also pays less into their joint account than she should.
At some point he used his credit cards to pay off a portion of her credit card debts (around 5k I think but not sure), in addition to the other debts he'd built up paying for, amongst other things, their wedding and lavish honeymoon.
He has now moved out of the marital home (which he continues to pay for as before). There's no equity in it by the way, and they are likely to be in negative equity.
My question is, is he liable for all of the debt in his name or can he pursue her for any of it?? As I said earlier he can prove that he was always debt-free prior to the marriage.
A sad and sorry state of affairs.
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Divorce and debt - who's liable?
3 replies
Honeymum · 07/06/2011 11:15
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