Building-tyc00n-left-homeless after divorce

MikelArteta

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A millionaire building tyc00n says he has been left 'homeless' by a divorce ruling he says handed 80% of the family property to his ex-wife.

Construction magnate David Stocker, 61, was used to living the high life during his marriage to former wife Avril, 62.

They had a five-bedroom home in West London valued at £1million, a £100,000 yacht and a £500,000 villa in Spain.

But he told an Appeal Court hearing that his life of luxury is over and he is now unable to get back on the London property ladder because of the couple's divorce.

After the hearing she denied feeling like a winner, saying: 'When you get divorced, you become poor.'

He said a divorce court ruling left his ex-wife with property worth £1.8million - more than seven times his own £250,000 share.

Mr Stocker argued that the division of assets was 'unfair', especially as his former wife has no children to care for.

Despite his pleas, senior judge Mr Justice Blake told him he must accept his new lot, finding there was nothing legally wrong with the original ruling.

The court heard a family judge had handed four-fifths of the £2million-plus family assets to his ex-wife after their 15-year marriage ended in 2011. The divorce ruling came in 2013.

Mr Stocker said he had been obliged to sell his boat - which he valued at £100,000 - and to hand over the keys to the former matrimonial home in Ruislip, north-west London.

The building boss, whose business is based in Rickmansworth, Hertfordshire, was also told to split the Spanish villa - which he valued at more than £500,000 - with his ex-wife.

Mr Stocker, representing himself in court, told Mr Justice Blake he was baffled by the decision, saying: 'We have got no kids - why is it not 50/50?'

He told the judge: 'My wife got a £1m house in Ruislip, half a villa that's worth hundreds of thousands more. My wife got £1.8m in property and I'm left with £250,000.

'I'm entitled to a home under human rights. I told the judge throughout the case that all I wanted was a home out of it,' he went on.

He said he was no longer fielding a barrister in the divorce battle, which has been running for four years, because 'I ran out of money'.

'The assets have 80% gone her way. All I'm asking for is a home,' he added.

Mr Justice Blake however told Mr Stocker that he had no hope of overturning the divorce ruling and would have to accept his reduced circumstances.

'Unfortunately, as happens so often in this type of litigation, everything here has the appearance of an applicant who refuses to have a sense of finality', he said.

'This court doesn't sit as a re-hearing court. You don't just come here and say, "Can we start all over again please?".

he judge concluded: 'The husband argues that the division of the marital assets was unfair and disproportionate.

'This was a case in which there were no children to be taken into account, the husband contends that a 50/50 split would have been appropriate.

'But none of the matters he raises constitutes a basis for appeal which has any prospect of success.'

Mr Stocker vowed to fight on as he left court.

Mrs Stocker, who attended the hearing and sat at the back of the court throughout, said later that she didn't feel like she had come out of the marriage a winner.

'When you get divorced, you become poor... the only people who have won out of all this are the lawyers,' she said.

She added that she and her ex-husband had known each other since the early 1980s, having met at a squash club, and married in 1994.

Defending her payout, she said she had worked hard during the marriage to make the family construction company a success.

'I'm an intelligent person and I've got a masters degree from a good business school,' she added.

Of her high-flying former life whilst married to Mr Stocker, she said: 'We had a very good lifestyle. People used to say to me 'You've got everything.''

'It's very sad. We had a long relationship, but all relationships are fraught. I'm very philosophical now, but it was a very hurtful time.'

http://www.dailymail.co.uk/news/article-3012779/Building-tyc00n-left-homeless-2million-divorce.html
 

thirdeye

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Should've signed that pre-nup, no sympathy. :yeshrug:
When you're a millionaire and you don't get a pre-nup, you deserve to be striped of your wealth due to your stupidity.
 

Suicide King

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Should've signed that pre-nup, no sympathy. :yeshrug:
When you're a millionaire and you don't get a pre-nup, you deserve to be striped of your wealth due to your stupidity.

And throw your assets in a Family Trusts or a Family Foundation.

I can't handle the thought of someone who is not a blood relation enjoying the family fortune.

When JFK died, Jackie Kennedy only got $150k a year cause JFK money was in the Family Trust. Imagine if Jackie got a chunk of the Kennedy Fortune, that would make me sick to my stomach. She ended up marrying a Billionaire.

Donald Sterling wife went to basketball games with his girlfriend, cause Donald Sterling's money was in a Family Trust.

There is a reason, there has only been 3 divorce settlements above $1 billion dollars.

Bill Gates threw all his money in the Bill and Melinda Gates Foundation, she will never get half.
 

King Poetic

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these rich motherfukkers always buy into that having a wife and 2 kids and a nice living dream, but never think about the negative sides of it until it's to late..

i have no feeling for these dudes.. women get comfortable of not cooking, buying shyt they don't need and living there fantasy there is no way she will ever let that go.
 

MikelArteta

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And throw your assets in a Family Trusts or a Family Foundation.

I can't handle the thought of someone who is not a blood relation enjoying the family fortune.

When JFK died, Jackie Kennedy only got $150k a year cause JFK money was in the Family Trust. Imagine if Jackie got a chunk of the Kennedy Fortune, that would make me sick to my stomach. She ended up marrying a Billionaire.

Donald Sterling wife went to basketball games with his girlfriend, cause Donald Sterling's money was in a Trust.

There is a reason, there has only been 3 divorce settlements above $1 billion dollars.

Bill Gates threw all his money in the Bill and Melinda Gates Foundation, she will never get half.

150k a year in the 60s was mad dough
 

EA

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I'm struggling to see how an 80/20 split was formulated if they don't have any kids. That decision is really fukkery but as it's already been said, in 2015, if you're rich and you don't have pre-nup, you're asking for your bank account to get lit up.
 

Suicide King

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150k a year in the 60s was mad dough

Johnson and Johnson's Family fortune is in a Family Trust.

While Christy Walton who is no blood relation to Sam Walton, inherited some of the Walmart fortune after her husband died. :scust:

I can't handle the thought of someone who is not a blood relation enjoying the family fortune outside the family.

Family Trust FTW.
 

Theraflu

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Shouldn't have cheated on his wife

Women rarely leave unless men do wrong
 

ORDER_66

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Kind of funny the wife saying the divorce makes us poorer and she gots a masters but she's not willingly gonna sell the house and give him half of it, is she?!!? :comeon::pacspit: we see you bytch..
 
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