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Hi
During financial settlement in court are assets and debts taken into consideration. Ie with my hard work assets have been built up but In my wife’s name. I have debts in my name. Are the books so to speak, balanced first before funds are, hopefully equally divided?
thanks in advance
hi,
generally both assets and debts are taken into account, together with both parents earning capacity/take home pay. Also the needs of both parents, who is primary carer of children etc.
There is a guide about divorce on the advicenow.org website which you may find helpful
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