Bankruptcy

[doodab]

Not sure why people are suggesting the solution is that you leave your partner.

However, I'm also not sure why just because you split, the CSA would necessarily have to get involved.

It was a few years ago, we weren't getting along.

[TimberWolf]

No chance of selling (her?) property then?

[DimPrawn]

Well, if you're as dumb as me, and you put money away in mutual funds...your're money is still there and it hasn't earned a penny.

.

Not absolutely true, I'm sure it's earned the fund manager a good salary and bonuses and the investment bank some vert healthy returns.

Why investment trusts trump unit funds - MoneyWeek

Either self pick shares or buy low charge ETF's and investment trusts. Mutual funds are a rip off.

E.g. http://www.google.co.uk/finance?q=LON%3A+EDIN

[MaryPoppins]

It was a few years ago, we weren't getting along.

Still don't see there's a need for the CSA to be involved without extreme circumstance; as in, you'd prefer and be able to agree a maintenance amount.

[Spacecadet]

No chance of selling (her?) property then?

Or kicking out the tenants and moving in herself

If where she is living is costing £1400 a month in rent and the tenants are paying less than that in the property she owns then there is an easy saving to be made there.

She could possibly sell the other flat and then start claiming benefits

[doodab]

Still don't see there's a need for the CSA to be involved without extreme circumstance; as in, you'd prefer and be able to agree a maintenance amount.

Yeah, absolutely, I'm just the sort of person who likes to do his research before making big decisions.

[DimPrawn]

Or kicking out the tenants and moving in herself

If where she is living is costing £1400 a month in rent and the tenants are paying less than that in the property she owns then there is an easy saving to be made there.

She could possibly sell the other flat and then start claiming benefits

Yep. My neighbour did that. He was a self employed plumber and she looked after the kids. Business dropped and they were short of money, so they pretended to split, he moved out and she could claim loads of benefits and get the mortgage interest paid.

[doodab]

Or kicking out the tenants and moving in herself

If where she is living is costing £1400 a month in rent and the tenants are paying less than that in the property she owns then there is an easy saving to be made there.

Only one of the flats is big enough. The saving would be about £100-150 a month (not exactly sure what they pay but have an idea), so we can make a much bigger saving by moving out of London.

She could possibly sell the other flat and then start claiming benefits

At least one of the flats is well into -ve equity but the rent covers the mortgage and pays a bit more. Selling it would be fairly stupid unless she was forced to.

[MaryPoppins]

Yeah, absolutely, I'm just the sort of person who likes to do his research before making big decisions.

Ah. I see. Cover your arse in case she turns into a mentalist. Probably wise. We're all mentalists.

[minestrone]

I find it hard to spend the money I make and I do try.