Large debts any advice

[Hopingforthebestkl]

Anyone have any advice. I am about to separate from my headband and really worried about the finances. I have got around £40k of debt in my name which has accumulated over maybe 10ish years.

Nothing sinister, I have around 11k for a car, then other smaller ones for a couple of weekends away I paid for as a family.

I have not had access to the joint account for over 10 years so ofen do extra food shops, kids clothes, shoes and i have just lived beyond my means. I have paid for kids bedroom furniture, TVs etc and it's all added up.

Do I included all of this on the Form E? I did think I just leave it out and I will just pay it all off with my share of the house. I just won't be left with much to start again. He will argue obviously and rightly so he knew nothing about it.

Please be kind I know I have got myself in over my head and I am lying awake worrying about it.

Include the debt. My exH included debt I knew nothing about and it was included in the financial settlement, reducing the money left to share.

Include the debt. My exH included debt I knew nothing about and it was included in the financial settlement, reducing the money left to share.

Include the debt. It sounds like most of it was family expenses anyway.

100% include the debt. Doesn't sound like you had an open and fair share of access to marital funds during your marriage either.

This. You have nothing whatsoever to lose by including it. Absolute worst case, it’s disregarded (but it won’t be).

Include the debt. It's hard starting out alone. If you can clear the debt it'll help you have a fresh start.

Definitely include it. My exH and I both agreed that whatever debt was outstanding, would be paid completely off and then the remainder was shared. Our debts were for family/household expenses.

Contact Step Change they are a debt advice charity and will help you to see your way through you current financial issues. They make no charge. Your debt is high so the sooner you get some advice the better you will be able to see a way ahead.