News Article

Crowd funding your divorce daft or just right

Crowd funding your divorce daft  or just right for you at a time when reaching a settlement in an upsetting divorce for your family seems impossible. An article in the Telegraph about products being developed by lenders being labelled “divorce mortgages” has caught the attention of divorce specialist solicitor at Cheshire firm Stonehewer Moss Michael Brennan .

Modern venture capital methods in recent years have included crowd funding, using social media to invite funding for a project. Michael comments, “Read this article if you are in that unenviable position of not feeling able to fund a divorce settlement and see what you think. Divorce proceedings must be confidential but with a bit of imagination and collaboration with your ex or his representative it may be that a novel approach to reach your preferred outcome can be given a chance.” The settlement of a divorce involving the family home will be determined according to the requirement of statute to reach a fair outcome in all the circumstances, that can involve dealing with the property by sale or transfer; in some instances the house might simply be retained until certain factors arise and the sale will result in a distribution on a basis settled as fair, which may not be equal.

Crucially, the Courts have also in the past transferred the house and given a charge back to your spouse if for  some reason you cannot raise enough for a buy out. Michael continues, “This final option is intriguing, as psychologically many divorcing spouses hate the idea of their ex keeping a tie; perhaps with good reason they want the name of their ex off the title. This new approach to funding might be creatively used to give somebody other than your spouse who takes a share of profit on sale that charge back on transfer from joint names of the divorcing couple into a sole name.” The article can be read at  http://www.telegraph.co.uk/personal-banking/mortgages/the-trauma-of-losing-your-home-in-middle-age—and-the-divorce-m/

Crowd funding your divorce daft  or just right for you, certainly a creative tool to see a way forward from divorce.

For a no obligation discussion, advice, negotiation or representation upon a family law problem call Stonehewer Moss on 01606 872200 e mail info@stonehewermoss.co.uk visit www.stonehewermoss.co.uk

Tags:

Facebook Posts

Icy roads, slippy footpaths... winter can be a dangerous time 😟
Stay safe, but remember if you suffer a fall at work or in a public place, you may be able to make a personal injury claim for compensation.
... See MoreSee Less

View on Facebook

Who's going to watch Dick Whittington at The Grange Theatre this year? 😊
#Pantomime #NorthwichPanto
... See MoreSee Less

View on Facebook

Get In Touch

Contact our expert team of friendly Northwich lawyers

FREE advice

Refer A Friend

Know someone who is looking for a good injury lawyer? Get more than just a thank you for recommending us to your family or friends.

See Details

Latest News

Keep up to date with all the latest news and events from our friendly team.

Read More

Rate Stonehewermoss Solicitors

Stonehewer Moss Solicitors, Citadel House, Solvay Road, Northwich, Cheshire, CW8 4DP

Solicitors in Northwich covering Chester, Crewe, Knutsford, Macclesfield, Middlewich, Northwich, Runcorn, Sandbach, Warrington, Winsford, and across Cheshire.

Stonehewer Moss Solicitors is a trading style of the Stonehewer Moss Limited, Registered in England No. 542 6583 and PIPLaw
which is a firm of solicitors authorised and regulated by the the Solicitors Regulation Authority No. 471159

Contact Us

Contact Us

To get in touch simply fill out the short form below and we will reply very shortly, and definitely within 24 hours. The online enquiry form is completely safe and secure, and your details will not be available to anyone other than Stonehewer Moss Solicitors.

Contact Form

This website uses Cookies to improve your browsing experience and to help with our marketing. You can read more about removing Cookies here.

I'm fine with this