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Financial Settlement and huge amount of debts

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Castl3
Posted by
Junior Member

24 Jan 17 #487872 by Castl3

Topic started by Castl3

I bought a house in 2012 for 250K and looking at the valuation the house should be now worth 360k (Zoopla)

I have about 60k in debts and my ex had 27k which I assume she hasn't been paying off in the last 2 years. Both are in our own name on credit cards.

1. how is the house being evaluated? If I sell it i wont get the 360k. Will the court use this a s ballpark?

2. how is the debt names split up?

3. I have bills for living of around 4500 a month. I cant afford to make more debt as I already have. Will a judge ignore that?

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