Family Law

Can a Husband apply to vary a divorce settlement which he can no longer afford because of a subsequent recessionary drop in Share prices and house values?


The Court of Appeal has recently said “no” in a big money case of Myerson -v- Myerson. The effect at the time of the hearing was that Mrs Myerson stood to receive 105% of the total assets and so Mr Myerson sought a refund of money he had already paid her by way of a lump sum.

The Court said “when a business man takes a speculative position in compromising his wife’s claims, why should the Court subsequently relieve him of the consequences of his speculation by re-writing the bargain at his behest?”.

No doubt it was feared that, had Mr Myerson succeeded, it would have opened the floodgates for similar applications and not just in big money cases. For example it could have happened where a former matrimonial home is failing to sell or the value has fallen because of the recession.

In certain limited circumstances some types of Matrimonial Order can be varied. Please contact us, if you wish to know more.


This entry was posted in North Ainley News. Bookmark the permalink. Both comments and trackbacks are currently closed.
  • In This Section

  • Jill and the team provided a first class service, all explained in plain English.
    Mr R F English - Oldham
  • Lisa Wright
    Lisa Wright
    15:05 25 Feb 19
    Cassie was fantastic throughout our sale and would recommend North Ainley if selling or buying a more
    Lynn Findlater
    Lynn Findlater
    18:55 01 Dec 18
    I have used North Ainley for a number of years. They have successfully dealt with my parent's wills and more recently the sale of 2 properties. The staff are exceptional and imparticular Cassie who took care of the whole process from start to finish whilst I was overseas. She diligently chased all third parties and kept me informed at all times. I would recommend North Ainley as they have proved themselves time and again over the last 10 years in all of my family's legal more
    Idnan Ahmed
    Idnan Ahmed
    12:57 30 Nov 18
    Excellent service. handled my latest commercial purchase professionally. Would recommend to anyone who is looking for a solicitors who are proffesional and easy to work with. Top more
    Lucy Hoy
    Lucy Hoy
    16:39 27 Nov 18
    Excellent! Very friendly and fantastic communication throughout. Nothing was to much trouble. Thankyou Vinesh and Cassie. Would definitely more
    Anil M
    Anil M
    15:11 04 Nov 18
    Fantastic Solicitors firm. Very professional. Close to Oldham Town Centre. Answer all your questions and concerns. Keep you upto date at every stage. I have used this firm for many years in buying and selling property. You can not go wrong using North Ainley more
    Next Reviews