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Family Law Blog

Comment on divorce & family law 

Credit crunch increases divorce?


I see from the Independent that rich men (are there no rich women?) are rushing for divorce and separation whilst their pension funds and investments are at their lowest for many years or they have been made redundant.

Redundancy and divorce is no doubt a very stressful and deeply upsetting time but maybe some people can find some form of silver lining. Presumably their investments will recover strongly over the next few years and they will hopefully get another job so they may feel they have had a very good deal from their divorce lawyer.

But this isn’t an anti-man comment! Some women are getting the divorce through urgently to avoid their claims being less as the credit crunch bites deeper.

And, perhaps most sadly, many unhappy spouses are deciding to wait until the housing market recovers before divorcing on the grounds that they will not be able to sell the house anyway.

Andrew Woolley
Woolley & Co, family law specialists

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