Family Loans: Should You Borrow From Family During A Divorce?
The issue of ‘family loans’ comes up time and again in the cases we see. Money is often very tight during a separation and it is natural that friends and family will want to help out if they can.
But should they… ?
And if they do, what about repayment?
We’ve produced an online course which tells you everything you need to know about the law in this area. It’s your first port of call if family loans are part of your story.
Borrowing from family during a divorce can get very fraught if care is not taken to structure things right. Judges can and frequently do ignore such loans if they consider that, in reality, they are unlikely to be called in. So take advice, and take care- before you take on family loans.
If you’d like to learn more about this topic, our online course ‘What About Family Loans’ will empower you with knowledge about the law, so you can make more informed choices.
If you have more questions about this topic or any other legal issues arising on divorce or separation, please do get in touch as we are always happy to help. You can call us on 0203 488 4475 or email contact@thedivorcesurgery.co.
Related Reading
- Resolving Divorce Finances FAQs
- How Do We Stop Divorce Costs Breaking The Bank?
- Do You Need Legal Advice On Divorce?
- How Does A Judge Decide Who Gets What In A Divorce?
- Don’t Know Where To Start With Your Finances?
Author Name: Editor
Published content by The Divorce Surgery Editorial Team.
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