The UK's largest and most visited divorce site.
Modern, convenient and affordable services.

We've helped over 1 million people since 2007.

 
Click this button for details of our
email, phone nbr and free consultations.
 

Do I really want to give all our money to a sol

  • gettingadjusted
  • gettingadjusted's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
17 Oct 08 #57342 by gettingadjusted
Topic started by gettingadjusted
ok.

So its not really amicable anymore, but having gone through things in my head there is really not that much money in our "equity pot" in fact I think her share is about £15k (depending upon the housing market:laugh::woohoo:).

i cant really afford to go down the sol route, but worry that as she will get legal aid she will get one (she always says she will consult with sol), in fact I can barely afford to buy her out of the house but have taken out a loan for an initial amount and then also to pay the overdraft that was in the joint account.

I'm well educated (degree) so just wondering if the d word and the other finance bits can be done by me self repping.

Thoughts and experience please

  • Sera
  • Sera's Avatar
  • User is blocked
  • User is blocked
More
17 Oct 08 #57350 by Sera
Reply from Sera
You can self-rep. Lots of info on here.
However, you could also post the answers to the questions that divorce lawyer posted here;

www.wikivorce.com/divorce/Divorce-Forum/...G-IN-THIS-FORUM.html

and you'll get a ball park figure of what you could expect.... and maybe get Consent Order etc drawn up.

Any debt used for the benefit of the party; is JOINT debt,why are you assuming her share of things if there is joint debt?

Post the info, you'll get a good idea if it is worth fighting.

  • gettingadjusted
  • gettingadjusted's Avatar Posted by
  • Platinum Member
  • Platinum Member
More
17 Oct 08 #57351 by gettingadjusted
Reply from gettingadjusted
Thanks

I've done the calculations in my head and spoken to sols (separated for about a year now).

Took out the loan so that I can buy her out of the house as at the moment it is empty (she's moved in with the new fella back in Feb 08) and I now want to move back in (mum and dad's patience is starting to wear a little bit thin after a year and I have the kiddies almost 50:50), so as far as I'm concerned that is my debt

  • hadenoughnow
  • hadenoughnow's Avatar
  • Moderator
  • Moderator
More
17 Oct 08 #57360 by hadenoughnow
Reply from hadenoughnow
GA,

Perhaps you should gently remind her that legal aid is a LOAN and NOT a GIFT!!!
It will have to be paid back from any settlement she gets.

My ex racked up £20k in legal aid bills .. he will now have to have that as a charge against any property he buys ... with 8% pa interest racking up ..

If there is not enough to buy a property from the settlement, the LA bill will have to be paid from any cash received.

Please do make absolutely sure you have got your sums right and do take advantage of the help wiki can offer - especially if you are going to self rep.

Please do bear in mind though that the number one priority is going to be housing the children and the PWC - parent with care. This is not as simple as a percentage split - and certainly not a 50:50 one .. and all stuff like savings, pensions etc have to be included in the calculations.

Take a look at section 25 of the 1973 Matrimonial Causes Act .. that sets out what matters when finances are split.

Hadenoughnow

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11

Do you need help sorting out a fair financial settlement?

Our consultant service offers expert advice and support to help you reach agreement on a fair financial settlement quickly, and for less than a quarter of the cost of using a traditional high street solicitor.

 

We can help you to get a fair financial settlement.

Negotiate a fair deal from £299

Helping you negotiate a fair financial settlement with your spouse (or their solicitor) without going to court.


Financial Mediation from £399

Financial mediation is a convenient and inexpensive way to agree on a fair financial settlement.


Consent Orders from £950

This legally binding agreement defines how assets (e.g. properties and pensions) are to be divided.


Court Support from £299

Support for people who have to go to court to get a fair divorce financial settlement without a solicitor.