I am having issues with my ex and the property settlement.
There has been a conciliation hearing after prior negotiations failed. The disagreement is on a piece of property that there was a substantial difference of opinion about the value. Market valuations were not considered, though the offer to take over the property, or take it and sell had also been refused. He wanted me to buy him out at his inflated price.
Conciliation orders were for both parties to make a genuine offer to settle. I have done so, with a now registered valuation on the property in question (at a great cost to myself) I have had no response to this, and no offer to settle from his lawyer.
As I am the respondent, I believe I now have to wait for him to file for trial, but the closed off date for that is today. There is no reason to go to trial, the equity in the property is less than 10k. In fact he is using Legal Aid to get this far, and I'm not sure if it will fund a trial?
But what happens if he doesn't submit a form 1 today? Where to from here for me? I'm left servicing the debt on it.
There has been a conciliation hearing after prior negotiations failed. The disagreement is on a piece of property that there was a substantial difference of opinion about the value. Market valuations were not considered, though the offer to take over the property, or take it and sell had also been refused. He wanted me to buy him out at his inflated price.
Conciliation orders were for both parties to make a genuine offer to settle. I have done so, with a now registered valuation on the property in question (at a great cost to myself) I have had no response to this, and no offer to settle from his lawyer.
As I am the respondent, I believe I now have to wait for him to file for trial, but the closed off date for that is today. There is no reason to go to trial, the equity in the property is less than 10k. In fact he is using Legal Aid to get this far, and I'm not sure if it will fund a trial?
But what happens if he doesn't submit a form 1 today? Where to from here for me? I'm left servicing the debt on it.