A well respected, award winning social enterprise
Volunteer run - Government and charity funded
We help 50,000 people a year through divorce

01202 805020

Mon/Fri 9am-6pm       Sat/Sun 2pm-6pm
Call for FREE expert advice & service info


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.


Arbitration - Does it work?

  • dooda
  • dooda's Avatar Posted by
  • Senior Member
  • Senior Member
More
02 Oct 12 #358964 by dooda
Topic started by dooda
Hi,

My mediator has just suggested that we look at trying Arbitration as a way of settling our financial issues. Me and the STBX have a very different outlook on what is fair and sensible. Apparently there is a deal on at the moment where it would be done for a fixed cost of £1500 incl VAT!!

We are not high worth - basically we have £120k in equity in the FMH and incomes are fairly equitable. We have three older kids at 18,17 & 15. She is in debt to 29k / me 10k since.

I have just had a quick look and can''t see how it actually works either. Any one done this and how do you feel about the outcome.

It seems like a much better way than going to court on the face of it.

Thanks

Dooda

  • Fiona
  • Fiona's Avatar
  • Platinum Member
  • Platinum Member
More
02 Oct 12 #358976 by Fiona
Reply from Fiona
The process is straightforward enough. After both parties agreeing to undertake arbitration they can nominate an arbitrator or have one assigned by the formed Institute of Family Law Arbitrators. Each party then presents the case to the arbitrator, who adjudicates and makes a decision which is supposed to be legally binding.

You may have difficulty finding someone who has been through arbitration. As I understand it the take up hasn''t been great but that might have been to do with the costs putting couples off.

Moderators: wikivorce teamrubytuesdaydukeyhadenoughnowTetsSheziLinda SheridanForsetiMitchumWhiteRoseLostboy67WYSPECIALBubblegum11