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Divorce financial settlement


Posts: 1
Registered
Topic starter
(@notamesser)
New Member
Joined: 10 hours ago

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

2 Replies
Posts: 5419
(@dadmod2)
Illustrious Member
Joined: 6 years ago

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.

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Posts: 660
(@dadmod3)
Honorable Member
Joined: 4 years ago

There is a guide about divorce on the advicenow.org website which you may find helpful

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