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Credit card debts

.Charles
Platinum Member

01 Jul 14 #438347 by .Charles

Reply from .Charles

The net figure is the most important e.g.

£300,000 Value of property
£-150,000 Mortgage
£-50,000 Legal Charge in favour of TSB
£20,000 Savings
£500 Silver service
£2500 Mint condition Ford Capri (1982)
£750 Horse box
£5,000 Rare collection of swatches (BNIB)
£-8,000 Credit card debts
£-6,000 Unpaid debt for classic car restoration

£114,750 net assets

Once you establish this figure, you can then decide how best to divide it between you whether by selling assets or buying out each other''s interest in the larger assets.

Charles

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