Tuesday, January 10, 2012

British "HP Divorces"

From the UK Financial Times:
People have long spread the pain of buying fridges, televisions and cars by paying in instalments. Now, many are bringing the same principle to the cost of divorce.

The number of cases ending in staggered payments rather than one-off settlements has risen by 50 per cent since 2008, when the financial crisis first began biting, according to Pannone, a Manchester-based law firm.

The practice has been dubbed “HP divorce” after the hire purchase agreements typically used to buy expensive consumer goods. Increased economic turbulence, job insecurity and the drying up of credit has fuelled growth in the phenomenon.

Read more here.

MR

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Comments

That's an interesting idea - let's see if sticks around long term.

Posted by: Tulsa Divorce Attorneys | Jan 10, 2012 6:01:42 PM

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