When resolving financial issues, there is an obligation upon divorcing couples to provide full and frank financial disclosure. This applies whether matters are being resolved by way of negotiation, mediation, Collaborative Law or through Court proceedings.
The Court can impose sanctions upon a party failing to provide full and honest financial disclosure. Non-disclosure can lead to the offending party being fined and any financial settlement can be reviewed if there has been material non-disclosure.
A Lawyer has been struck off for seeking to hide assets during his divorce, which shows the seriousness of not providing clear, full and honest disclosure.
If you are divorcing and are worried about the disclosure requirements, please get in touch:
t: 01722 446246
A solicitor who hid thousands of pounds worth of assets during the course of divorce proceedings has been struck off the roll.