Financial advice on seperation please!

[slightlyconfudled]

I have changed my name for this as I know some people on here in RL.

DH and I seperated a couple of months ago and we have a mortgage but are planning to sell within the next couple of months (probably looking at a profit of around £35) We have two joint loans, one of which DH took to pay off £7K worth of credit card debt. I have one credit card with £500, however DH has a further 3 credit cards amounting over £12K! Altogether our debt amounts to around £24K.

I know we are jointly liable for the loans, but how do I stand with regards to his credit cards? Someone advised me as he accrued all of this after we were married we are jointly liable for this debt as well. Can this be right, even if it is in his name alone and I'm not even a cardholder on the accounts? Also, what happens to any debt that he may accrue after we are split but before we get divorced? Is there anyway of making sure I can't be liable for anymore?

He has a spending problem and can't help himself. I'm going to see a solicitor after Christmas but just wondered if anyone on here had advice in the meantime.

[slightlyconfudled]

Of course, title should read 'separation'

[slightlyconfudled]

bump

[Tinkerbeltinsel]

you are not liable for any debt he had knocked up after you seperated, you aren't liable for his credit card debt as your name isnt on the account, BUT, if he can prove that the debt accured because he bought things that you benefitted from then it could be considered if it went to court, you need to get divorced as quick as you can (if thats what you want) incase he keeps racking up debt whilst still being married to you

[slightlyconfudled]

Thank you. TBH, he would have a hard job proving I benefited from anything as he has practically nothing to show for it, it has just all been frittered away. I am fuming with him at the moment.

[controlfreakyhohohohohohoho]

i'm not suprised you're fuming. make sure you get that legal advice asap. letter from solicitor spelling out that as you have had no benefit you will take no responsibility for his debts in any shape or form sounds like the way forward. good luck.

[wildfish]

I think you are not "liable" , but if you divorce then all the debts, and all the assets are combined to work out the split. After you split, before divorce, you are still all combined unless you have an separation agreement in place. However I believe recently courts have been instructed to take into account any unreasonable debts accrued after separation.