Meet the Other Phone. Flexible and made to last.

Meet the Other Phone.
Flexible and made to last.

Buy now

Please or to access all these features

Legal matters

Mumsnet has not checked the qualifications of anyone posting here. If you have any legal concerns we suggest you consult a solicitor.

Falsifying liabilities, income and commission

2 replies

RockPaperCut · 18/01/2018 21:20

We’re going through financials and already had a directions hearing with the next one listed in 10 weeks. STBXH has suddenly accrued over 140k of liabilities and funnily enough he hasn’t earned a single penny in commission for the last 12 months which is unusual, prior to this it was on an almost monthly basis totalling approx 40k per annum. His employer is ruthless when it comes to non performers and you’d get sacked pdq.

His legal fees alone are four times mine and I’m the petitioner. My barrister was shocked at the amount he has spent in proceedings to date.

Can a firm falsify how much is owed by a client? They have so far refused to provide copies of invoices as part of financial disclosure. I’m a little concerned that he may be being billed for family business matters as well as our proceedings. Then he’ll recoup the cash from his family business at a later date. They have a longstanding relationship as it’s the firm that’s been used for the family business/trust for the last 20 years.

And does the court take into account, running up debts during divorce and historic earning capacity? So for example if he’s run up 200k of debt will that be paid from the joint assets prior to division or after? As that will undoubtedly have an impact on my ability to house our dc.

OP posts:
greenberet · 19/01/2018 17:25

the court will definately take into account the debts - my X did exactly this- stopped taking dividends from company so didnt have to pay them to me - took directors loan instead and despite saying could no longer afford school fees for kids as there was no money in business continued spending lavishly on credit cards - think total was c £120 k - has impacted on me massively meaning that I will have to move away from the area to rehouse -possibly without my kids - they are cunts!

RockPaperCut · 20/01/2018 19:46

Flowers That’s what I’m concerned about. He will continue acrueing debts to miminise the marrital pot. But it seems I’m completely powerless to prevent it.

OP posts:
New posts on this thread. Refresh page