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Bankruptcy during property settlement

Can one half of the party declare bankruptcy during a property settlement for purposes of "having no assets/cash" to split? I currently have concerns my ex will use this tactic to try and avoid property division during our settlement, I have seen him do it before (obviously not divorce property settlement lol), but to avoid debts. Negotiations are just beginning and my first proposal after working out our assets is about to be sent to his solicitors. Is this legal? Obviously this could have an impact if he were to declare bankruptcy right after negotiations begin?! Does it hold like a commonwealth debt for example?

thanks!
Yes he can declare himself bankrupt - this does not mean that he does not have to give some assets to you. It is messy.

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