Hi, the house is currently being sold for £355,000; mortgage of £62,000, with a second charge of circa. £92,000. Nothing has been agreed as yet with regards ***** ***** my partner feels I should pick up all of the second charge due to my conviction. Therefore my partner is asking 75% of the equity? Although I feel morally to pay the second charge, the advice is that I'm in no financial position to do so.
Hi Clare. No, no children. Been together nine years now. We've been apart for around three months, and I'm still residing in residence, and partner does not want to divorce. I don't want a divorce either, and still hope we can get back together, but its the finances, and her family getting involved that is the problem?!! I feel that the issue of house sale should be dealt with separately from that of the business?
Hi Clare. thanks for the advice. just one last thing. My wife was aware of the case leading to my conviction, and knew that I would lose the business if I was to be found guilty! As a result my wife was offered £15,000 last year to come out of the business which she declined, hoping that we would get either more money from the sale, or that I would be found not guilty! She was also present with my council when I was told that I had a 95% chance of imprisonment if I went to trial that day. We discussed this and decided to take a plea of guilty knowing we would lose the business. Would this therefore have any bearing on the outcome of equity split? Thanks in advance for your help.