Credit crunch creating divorce difficulties

Divorce arrangements are being affected by the credit crunch with increasing numbers of married couples seeking to separate, it has been claimed.

As the credit crunch affects the housing market, divorce can be even more stressful but they show no signs of dropping in numbers.

According to reports from Wales Online, estate agents and solicitors are seeing more business related to family law, something which is unusual at this time of year.

The house is an important asset in any divorce, and couples deciding that they cannot live with each other will have difficulty in reaching a suitable arrangement, it has been claimed.

Dafydd Hardy, an estate agent based in Gwynedd, said that usually one half of the couple moves out if they can afford it.

But if this is not a viable option it will usually leave the couple living together during a divorce.

"From an emotional point of view, it's better for one of them to be out of the house. The whole reason for divorcing is that they can't live with each other," he explained.

Published on: July 3, 2008

Did you like this article? Share it!

DIY Divorce

DIY divorce service category image
  • All divorce forms completed for you, ready for you to file at court
  • No court hearings required
  • Free phone expert support, 7 days a week
  • Fixed price of just £69
Read More