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I am leaving my parnter of seventeen years

  • piglet32
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06 Jul 09 #129034 by piglet32
Topic started by piglet32
I am leaving my parnter of seventeen years we have lived together for fourteen years both on the mortage and both work and pay it.
We have a business together which is about to go bust my parnter has ask for some of the money from the house to go in to the business then he will take half as well. I am takeing my name of the business as i never wanted it any way it is a ltd company. He is the director i am company sectary. where do i stand if i do that i will have nothing left he will have the business and money from the house i will be putting my share in to his business and i have 3 kids to look after please help.

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06 Jul 09 #129041 by mumtoboys
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if you are only company secretry and not a director or shareholder, there is no finanical benefit to staying as secretary (unless the company pays you for being the company secretary). I have just removed myself as company secretary from my stbx's business as I am unhappy with the way things are and the fact that he refuses to give me any information - there are legal obligations to being secretary and if you can't fulfill them, what else are you supposed to do? My solicitor was fine about me me removing myself, although she felt that by being secretary I had a 'right' to information which has now been taken away.

You cannot be forced to put money from a joint house sale into the business, of that I am sure. I suspect you need to get yourself some legal advice as soon as possible to help you with this - don't let yourself be pressurised into something you're not happy with. If you have agreed that the children live with you, you need to make sure that they are adequately housed - in many cases, this means a split other than 50/50 in favour of the parent with care (say 60/40) so again, you need to seek some legal advice to make sure you get your fair share of everything.

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06 Jul 09 #129042 by piglet32
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Thank you that has helped.

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