Let's see, if Henry went through court here for every divorce, none of his wives would have been killed. Katherine of Aragon would have gotten half of what he owned and child support until Mary was 18 or out of school.
This would also be the case for Anne and Elizabeth. Jane died so Edward should have stayed with his father or Henry should have provided better for him. Child Protective Services would have been called for sure, due to his neglect of Elizabeth and Edward. He didn't even supply decent clothes as they grew.
Anne of Cleves made out the best and closest to modern time divorces.
Catherine Howard would have just been divorced and probable gotten half of what he had left.
Katherine Parr did not make out so bad either, she got manor houses, jewels, Elizabeth stayed with her, and Edward adored her.
So, I think Henry would have ended up paying alimony, child support and losing half of his estates, gold and jewels.