Family Law: Care Issues & Financial Matters When the Debt is Greater Than the Assets – Negative Asset Pool
Thursday, March 20, 2025
When separating couples face a financial situation where their debts outweigh their assets, they encounter complex legal and financial challenges. This scenario, known as a “negative asset pool,” requires strategic decision-making to prevent insolvency and protect financial stability.
In this insightful paper, presented by leading family law expert Stephen Page during a Legalwise Seminar, key strategies are explored for managing financial settlements in cases where debt exceeds assets. Drawing from decades of experience, Stephen examines options such as waiting for asset values to recover, dealing with creditors, and handling bankruptcy risks.
