There is no doubt that during the recession the number of people divorcing reduced considerably. Severe financial difficulties may well have added pressure to marriages but many people simply could not afford to divorced (or even separate). This could have been due to a number of reasons including the substantial reduction in the value of their property, the limits placed on borrowing capacity and the need for greater deposits, or, being out of work and unable to meet the costs of one household let alone two. For some people the only option was to remain married.
There are some views being expressed in the media that with the upturn in the economy the divorce rate will increase and this could be true.
If you need any advice about separation, divorce and the options available to you then please contact Caroline Keeley – Caroline.email@example.com or any of the solicitors in our Family Department.