Soft loan £70k

Hello!

I'm about to embark on mediation and I know that on his financial declaration my ex-husband is going to say that he has a debt liability to his father of over £70k as his father paid for his flying training 5 years ago (he is a pilot). There was never any intention to repay this but of course now he wil say that there is. What questions should I be asking for?
- a copy of the loan agreement and repayment plan
- interest charged

The trouble is that the pair of them are such liars they will retospectively draw all of this up!

Thanks everyone
Sarah

Actually it was 6-7 years ago! I'm sure that there haven't been any repayments in that period.

It probably won`t matter what paperwork turns up, unless dated and drafted by a solicitor with proof of repayment - not the case for you.

Even if there were an intention to repay the monies there must be enough in the pot as it were to satisfy the debt after respective needs, more so if you have dependant children.

Soft loans are rarely given serious consideration especially if it escalates to court.

Thanks, so would that mean he is likely to get more assets if he has more liabilities? Even if it's a sham loan? Thank you!

Its impossible to know with no details.

Talk to a lawyer and have a report drafted to find out what is fair for you both, but they will ask lots and lots of questions before advising which is the nature of the beast.

www.wikivorce.com/divorce/Legal-Advice-O...cial-Settlement.html

Thanks will do!