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hollys800
Posted by
Premium Member

11 Jul 08 #32192 by hollys800

Topic started by hollys800

When my partner was told to leave the MH his x wife consolidated all the debts that were on credit cards and loans (approx £17K)and put them on the mortgage (which she has in her name only) as he would never be able to pay the debts.

They are now going to court over the finances.

Does anyone know what will happen about the debts as now they are in her name only.

Thanks in advance

dawn1
Platinum Member

11 Jul 08 #32195 by dawn1

Reply from dawn1

Hi Holly,
all the debts and assets are taken into account regardless of whose name they are under.
unfortunately this means he will be liable for half of them, the equity left in the property will be split, anything from 50/50 to 75/25 depending on children, income, pensions and other assets.
dawn

hollys800
Posted by
Premium Member

11 Jul 08 #32197 by hollys800

Reply from hollys800

Thanks Dawn

That is what i thought, seems fair that he should have to pay half but then again she was the one spending all time on things they didn't need !! for example 4 sofas turned up on the doorstep on day, who the hell needs 4 sofas!!

Holly

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