How are assets and debts divided during a divorce?

[muta57vs]

Please explain this so can I solved my issue.

There is no one answer to this.
All the assets house, pension, savings, cars etc go in a pot.
Individuals put in their needs housing etc and whether they have the children or not and how much, if they gave up a career to raise children. There are lots of factors.
There is backwards and forwards over the percentage split depending on the factors you either reach an agreement or you end up in court and the judge decides the split.

Not enough info provided

It depends on lots of factors. Have a read of the Advice Now guides pinned at the top of the page, there is one on how the finances may be settled and what the courts consider to get a fair settlement.

What issue are you trying to solve ?

There's no straight answer. It could be that if you have enough equity in assets such as house, that its sold and debts cleared with anything extra being split.

My exh and I did something different though and as we both had debt in our own names that was around the same we decided to keep our own debts, pensions and just split the equity from our house sale after paying back my parents the deposit.

I do not live in UK and know that it is different everywhere but wanted to chime in. I think that you are asking if and what is devided, and I would say, everything, both savings, house, all belongings, pension and debt. 50/50 is a staring point, but then you negotiate from there. My ex and I devided everything 50/50 as we thought this was the easiest, except that he never gave me proper financial disclosure and I did not insist on having it, so I am sure that he has more in investments then he disclosed.

Yep, go to ADVICE NOW guides and read about “fair settlement”
these guides will also explain all the processes, which tasks you need a solicitor for, which you don’t, and which you might

Thanks for all I will check your answers and I think that my issue will be solved with your help.