A similar property is going to cost in the region of what our house is valued at now or more. Fortunately or unfortunately, properties in the area I live in are very popular so it would sell easily but I may not get one at that price. Chances are I would have to go up to £180, 000-200, , 000 and possibly just outside the area. I am keen no to move as school for my 14 yr old is within walking distance snd on the bus route for my 17yr old to get to college so it is less disruptive for them.
The debt comprised of Unpaid income tax debt, Debt to several traders/companies, County court judgements for debts he had not paid but they had to be paid in order to remortgage, Fees for solicitors and courts in the bankruptcy and bankruptcy annulment. The £90,000 debt was accrued soley by my husband. unfortunately he buried his head in the sand and did not tell me. The rest of the remortgage to 118950 incorporated paying off what was left on the original mortgage approximately £10,000 and associated fees and payijng off a bank loan for household maintainance.
At least £21, 000 was just income tax.
I would look to divorce in the next two years but it is far too acrimonious at the moment. I initially started down this route but he would not accept any responsibility for his actions. My thoughts was therefore to wait the two years then divorce on the grounds of being separated two years. He would not divorce me as he was far too comfortable!
No. Not the pension just what he thinks he is entitled to out of the equity of the property.
Thank you for your advice so far. This is certainly a minefield!
Just for clarity, is his entitlement to my pension for the total time were together or proportionate only for the years we were married or to my total working life pension regardless?
I can't help but feel somewhat penalised (and if truth be told - bitter) for doing the right thing, for working hard everyday of my life, paying my tax and pension and now having in effect having to hand it over to someone who has taken no financial responsibility and yet will reap the rewards on the back of me.
I guess I can see your point of getting a divorce sooner rather than later!