Meet the Other Phone. Child-safe in minutes.

Meet the Other Phone.
Child-safe in minutes.

Buy now

Please or to access all these features

Divorce/separation

Here you'll find divorce help and support from other Mners. For legal advice, you may find Advice Now guides useful.

Financially trapped - how do I leave?

4 replies

moretolife123 · 11/10/2023 22:05

Married 25 years, 2 DC (18 & 16); our relationship is dead.
I feel trapped. We are co-directors of a failing business, (he runs it full time with employees); I work in retail for minimum wage.
We live in a dilapidated house, half way through renovating it but it's unsellable in its current state. Needs a fortune to finish it off.

I know I need legal advice but I honestly feel there is no realistic way out.

OP posts:
moretolife123 · 11/10/2023 22:07

Should add we have been to counselling but DH doesn't want to split. I am so scared of the unknown

OP posts:
moretolife123 · 12/10/2023 21:42

Hopeful bump

OP posts:
Onestepforwardseveryday · 13/10/2023 09:40

I think sometimes you just have to decide to cut your financial losses, accept that life is going to be a financial struggle and put your emotional and mental health first.
if you have reached the point of wanting a divorce and only finances are stopping you, it means you are well beyond the point where you were ready for a divorce.
with the house in its current state how much equity do you have? What is 50% of that equity?
are there any other assets?
would selling up, taking your share and buying a smaller home or even shared equity home be an option?
are there any pensions or savings to take into consideration?
you will have to make compromises on what you can afford and how you live. Only you can answer wether those compromises will be worth making to gain freedom from a miserable relationship.

Onestepforwardseveryday · 13/10/2023 09:41

Even in an unfinished state you might be able to sell the house to a developer or at auction.

New posts on this thread. Refresh page