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News

How the Recession is changing the nature of Divorce Settlements

As the country stumbles along with the prospect of a “Double Dip” Recession in the offing, “middle income” families are finding that clean breaks on divorces are ever more unachievable.

A clean break on divorce is where the parties’ financial relationship is terminated.

Decreasing house prices, redundancies and reduced mortgage lending are increasing the use of Mesher orders (i.e. an order for sale of the former matrimonial home in which the sale is postponed until the youngest child attains 18 or finishes full time education or training).

However every seperation is different and there are many options to consider in terms of financial settlement in circumstances where any of the above applies.

For advice on divorce please call 0151 236 1234 or enter your details on our home page for a quick call back.

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