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Can Covid impact on your divorce ruling?

After drastic world events, will your financial settlement be left standing?

May 13, 2021 11:11
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2 min read

The past 12 months have turned the world upside down; the impact on the economy has been profound and it is not expected to recover fully for several years to come. Unfortunately, the implications of this are widespread. In this article, we examine whether a financial settlement reached during a divorce can be re-examined following a drastic change in circumstances caused by the Covid pandemic.

 

MAINTENANCE PAYMENTS

Ongoing maintenance payments to a spouse can vary due to a change of circumstance. This has always been the case. If someone with a high income pre- Covid suddenly saw their business collapse, or they became unemployed due to the pandemic, they would be able to seek a reduction in what they are paying. Unsurprisingly, this has been a common occurrence in the past 12 months.