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Confused

edited 30 November -1 at 1:00AM in Old Threads
3 replies 1.3K views
MonkeyseeMonkeysee Forumite
4 posts
edited 30 November -1 at 1:00AM in Old Threads
Im currently in the process of seperating from my husband, we are about to put our house up for sale and split the proceeds 50/50. My problem is that he has always been negligent with money matters and has run up quite large credit card debts (in his name only) and he has said that if we split the equity on the house in half then all debts need to be split between us also. Is this correct?

Replies

  • anniecaveanniecave Forumite
    2.4K posts
    Part of the Furniture 1,000 Posts Combo Breaker
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    What sort of spending was the credit card debts?

    A. Things that would clearly benefit you both (eg food for you both to eat)
    B. Things that he chose to buy that you had some benefit from (eg furniture, meals out for you both)
    C. Things that he bought for himself that you had no benefit from (eg his hobbies).

    Or is it combinations of these categories? If so, rough guess, how much of each?
    Indecision is the key to flexibility :)
  • Hi, thanks for your reply. It was mainly used to pay his income tax bill. He is self employed and rather than phone the tax office and talk to them he took out a credit card.
  • CAB_National_RepresentativeCAB_National_Representative Organisation Representatives - Private Messages may not be monitored
    220 posts
    Monkeysee wrote: »
    Im currently in the process of seperating from my husband, we are about to put our house up for sale and split the proceeds 50/50. My problem is that he has always been negligent with money matters and has run up quite large credit card debts (in his name only) and he has said that if we split the equity on the house in half then all debts need to be split between us also. Is this correct?

    Hi Monkeysee - our CAB representatives aren't covering this topic at the moment. We'd urge you to get expert advice on these issues, either from your local bureau or a family law solicitor. We do have a section on our Adviceguide about ending a marriage, but it doesn't cover debts - and it's advisable to get advice on this area as quickly as possible.

    We hope this helps.
    Official CAB Representative
    I am an official representative of CAB. MSE has given permission for me to post in response to questions on the CAB Board. You can see my name on the companies with permission to post list. If you believe I’ve broken any rules please report my post to [email protected] as usual"
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