If you're applying to court about financial matters, a MIAM is usually required first. Book online through our trusted digital service.
Book a MIAM →Debts and Liabilities Explained
Debts and financial commitments can feel particularly stressful during separation or divorce. This page explains how debts and liabilities are usually discussed, what types of debt may be considered, and how people can approach these conversations with greater clarity.
What are debts and liabilities?
Debts and liabilities refer to money that is owed or financial responsibilities that still need to be met. These can exist alongside assets such as property, savings, or pensions.
Understanding liabilities is an important part of seeing the full financial picture.
Common types of debt
Debts discussed during separation may include:
- Mortgages
- Personal loans
- Credit cards
- Overdrafts
- Other financial commitments
Which debts are relevant depends on individual circumstances.
Joint and individual debts
Some debts may be held jointly, while others are in one person's name. In discussions, people often consider:
- How debts were taken on
- What the debt was used for
- Ongoing responsibility for repayments
These conversations can feel sensitive, but they are a normal part of financial discussions.
Debts as part of the overall financial picture
Debts are usually discussed alongside other financial matters, such as:
- Property and housing
- Income and outgoings
- Savings and pensions
Looking at finances as a whole can help keep discussions balanced.
Why debt discussions can feel difficult
People may find debt discussions challenging because:
- Debt can feel personal or uncomfortable
- There may be different memories or views about spending
- Worries about future affordability can feel overwhelming
These feelings are common and understandable.
How mediation can help with debt discussions
Family mediation offers a neutral, structured space to discuss debts. A mediator can help people:
- Identify which liabilities need discussion
- Share information calmly
- Explore ways forward without blame
The mediator does not give financial advice or decide outcomes.
Do we have to agree everything at once?
Discussions about debts do not always need to be resolved immediately. Some people take time to understand the full picture before making decisions.
Breaking discussions into stages can help reduce pressure.
What if we can't agree about debts?
Disagreement about debts is common. Mediation can help people explore concerns and understand different perspectives. Where agreement cannot be reached, other options may be considered.
The role of the MIAM
Before applying to court about financial matters, many people are asked to attend a MIAM. The MIAM explains mediation and helps assess whether it may support discussions about debts and liabilities.
What are the next steps?
Learn what can be included in a financial settlement
Understand what may be considered
Learn how mediation supports financial discussions
See how mediation can help
Take time to reflect
Consider your financial commitments and concerns
When you're ready
If you decide you would like support discussing debts or other financial matters, you can book a MIAM through our trusted digital service.
Book a MIAM onlineDelivered by qualified family mediators in line with UK mediation standards.
Debts can feel heavy during times of change. Understanding how they fit into the wider financial picture can help people move forward with more confidence and less stress.