Announcement

Collapse
No announcement yet.

Net worth- LOC lent $- X takes full amount?

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • Net worth- LOC lent $- X takes full amount?

    My x lent money to his brother and nephew on our LOC, well we both did and we took half owing on our net worth. Now it's been paid off and I noticed my lawyer put all the amount that was owing on his side, the full amount. How does this work. It brings his net worth down I know, but? Should it not just be wiped out?

  • #2
    Originally posted by annie1 View Post
    My x lent money to his brother and nephew on our LOC, well we both did and we took half owing on our net worth. Now it's been paid off and I noticed my lawyer put all the amount that was owing on his side, the full amount. How does this work. It brings his net worth down I know, but? Should it not just be wiped out?
    doesn't seem right to me. The brother and nephew paid the money back Was it put directly on the line of credit, so that clears that debt? Maybe his lawyer made an error?

    Comment


    • #3
      If you both lent it, then repayment should be equally attributed to you both.

      Comment


      • #4
        yes it was paid off and it was my lawyer that is giving him the full amount on his side. Shouldn't it just be wiped off?

        Comment

        Our Divorce Forums
        Forums dedicated to helping people all across Canada get through the separation and divorce process, with discussions about legal issues, parenting issues, financial issues and more.
        Working...
        X