Family lawyers are reporting a surge in inquiries from individuals hit hard by economic turmoil caused by coronavirus who are seeking to challenge generous divorce settlements following a change in their financial circumstances.
The coronavirus pandemic has thrown stock markets into chaos and resulted in rising unemployment across the UK, causing problems for some divorcees with sizeable maintenance obligations.
Lawyers have told the Financial Times of panicked calls from clients who have lost their jobs or who seen their investment portfolio hit hard by a turbulent stock market. These individuals argue that they can no longer afford to keep up with their maintenance obligations.
Read the full article here: The Financial Times