Interesting article in the Independent discussing the financial consequences of divorce including comments from Harper Macleod’s Alan Susskind, a Partner in the Family Law Department.
‘Couples who are splitting up are increasingly likely to discover nasty surprises about their joint finances. The Financial Ombudsman Service and leading lawyers Pannone are among those noticing an uptick.
Practices coming to light include cleaning out a joint savings account, spending money that was meant to pay off the mortgage, running up debts on a credit card held in the other partner’s name or simply taking out more debt without telling the other one.‘
Author – Neasa MacErlean