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What are we each entitled to in our divorce settlement?

What does the law say about how to split the house, how to share pensions and other assets, and how much maintenance is payable.

What steps can we take to reach a fair agreement?

The four basic steps to reaching an agreement on divorce finances are: disclosure, getting advice, negotiating and implementing a Consent Order.

What is a Consent Order and why do we need one?

A Consent Order is a legally binding document that finalises a divorcing couple's agreement on property, pensions and other assets.


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Mutual exchange of Financial Disclosure

  • WhiteRose
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25 May 12 #332908 by WhiteRose
Topic started by WhiteRose
Both parties LiP

Do they complete their financial disclosure - send to Court and Court send the other party a copy?

What happens if one party fails to disclose?

WR

  • Fiona
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25 May 12 #332920 by Fiona
Reply from Fiona
form E should be exchanged with each other and a copy sent to the court. Unfortunately it isn''t uncommon for one party to exchange at the last minute before the first hearing so there isn''t a great deal of time to prepare questions.

When there is no disclosure the court will make an order and if there is still non compliance you can apply for Directions and the court may attach a penal notice. Ultimately someone can be committed to prison and be penalised with a costs order.

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