Putting a call out here for your experiences. I was financially abused within what seemed to be normal ancillary relief proceedings in divorce.
However they were not normal proceedings at all following the protocol. It was undeclared litigation in the family court.
I knew something was very wrong and reported to the solicitors regulatory authority and the police as grounds for divorce included financial abuse in a wider picture of domestic abuse.
The whole process was abused and a QC described my case as a complete mess.
Behind the scenes, totally hidden was a special type of loan taken out by my ex to pay his legal bill. It should be declared into court and to me.
It wasn't. These loans are offered via solicitors. They take security over your assets...they 'charge' your assets...even when they are jointly owned...like a pawnbroker but the terms are horrific and they can call in the loan and sell your assets without ensuring notice is properly served.
This is one side of the story. I was the joint owner on the receiving end of the loan. However it seems people are being harmed by them also if they took them out.
Does this ring any bells with anyone?
Did your court proceedings follow proper process or did you feel you were being abused further by it or having your legal bill run up totally unnecessarily?
Did your solicitors explain things properly to you and any risks you faced or claims anyone else had on your assets?
This matter is of public interest and I would love to hear your experiences as I think people are being wrongfully and dishonestly harmed through the court process and even the arbitration process. Your experiences might be able to see what is going on and stop more people losing their assets to investors who are actually investing through these loans in your court case!
My property was ordered for sale by breaching my human rights. I did not know how this was even possible.
I think the loan was repaid off the top of our combined assets before it was divided so that I actually may have paid all or half of my ex's massive legal bill without me knowing.
The debt people say it should only come off the settlement of the person taking out the loan.