Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

‘Til debt do us part

MEDIA RELEASE 12 September 2006

‘Til debt do us part

We never think about relationships ending, until it happens to us. For most couples, a break up will have long-term financial implications. The September issue of Consumer explores the financial pitfalls of the dissolution of marriages and de-facto relationships.

The Property Relationships Act 1976 sets the rules for the division of property when couples break up. While it’s designed to be fair, its effect on individuals and families can be far reaching, leaving one or both former partners struggling to get a financial foothold for years afterwards.

“We asked our readers for their opinions on this, and time and again we got the same feedback – ‘the couple should work it out between themselves.’” says David Russell of Consumers’ Institute. “In a financially draining situation like property division, a drawn-out legal battle is just one more bill to be paid.”


“No-one plans to be in a break-up, but everyone should be prepared and informed of their options and rights, just in case” says Russell. “It’s better than finding out the hard way.”

A full copy of the article is available from: www.consumer.org.nz

ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Statistics: Food Prices Increase 7.4 Percent Annually
Food prices were 7.4 percent higher in July 2022 compared with July 2021, Stats NZ said today... More>>



REINZ: Market Activity And Prices Continue To Ease, First Home Buyers Start To Return To The Market

New Zealand’s winter property market continues its recent trend, slowing from the pace of sales and price rises of last year — properties stay on the market longer and median prices dip... More>>

FMA: Cigna Admits Making False And Misleading Representations
Cigna Life Insurance New Zealand Limited has admitted to making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko... More>>



Retail NZ: Welcomes Return Of Cruise Ships

“Cruise visitors were big spenders in retail prior to COVID-19, and retailers in Auckland will be celebrating the arrival of P&O’s Pacific Explorer this morning... More>>



ASB: Full Year Results: Building Resilience Today And For Our Future

In its 175th year, ASB has reported a cash net profit after tax of $1,418 million for the 12 months to 30 June 2022, an increase of $122 million or 9% on the prior year... More>>


Commerce Commission: Draft Determination On News Publishers’ Association’s Collective Bargaining Application
The Commerce Commission (Commission) has reached a preliminary view that it should allow the News Publishers’ Association of New Zealand (NPA) to collectively negotiate with Meta and Google... More>>