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 I am in the midst of divorce and ancillary relief
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cgrab
Starting Member



1 Posts

Posted - 16 April 2010 :  22:32:13  Show Profile  Visit cgrab's Homepage  Reply with Quote
I am in the midst of divorce and ancillary relief proceedings with a final hearing scheduled for the Autumn. My husband has accrued substantial debt in his personal name and it would appear that his creditors are now issuing stat demands. We have money in a joint account that is not yet protected by a Matrimonial Court Order. I believe that his debts are not quite as dire as I am being told althought I cannot be sure. Can I apply to have the stat demands and bankruptcy petitions set aside or do I run the risk of him being made bankrupt and the Trustee seizing 50% of our joint funds. What do you advise.

debtinfo
forum expert



2826 Posts

Posted - 16 April 2010 :  23:01:20  Show Profile  Reply with Quote
would it not be better for him to use his half of the money to pay his debts
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RHB
Senior Member

1159 Posts

Posted - 17 April 2010 :  08:45:27  Show Profile  Reply with Quote
Is this debt from the marriage or aquired after? Personally, I would push on with ancillary relief asap or the whole pot could disappear.
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