83 year old John Hart has been sentenced to 14 months in prison after being held in contempt of Court for non-compliance with a Financial Order.
The Order contained provision for shares in company to be transferred to his ex-wife and Mr Hart continued to make every effort to avoid compliance with the Order.
This is a stark warning to those who do not comply with Orders of the Court or the requirements for full financial disclosure. The Court can impose heavy sanctions upon the offending party, one of which can be imprisonment.
If you have any queries over your obligations or are having difficulties in implementing any Financial Order made in divorce, please get in touch.
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A wealthy property developer has been jailed for 14 months for contempt of court in relation to his divorce settlement. John Hart, 83, was ordered to hand over £3.5m of his £9.4m wealth to his ex-wife, former flight attendant Karen Hart, as well as his shares in company Drakestown Properties Limited – two estates of industrial units in the West Midlands. The shares, which amounted to a “substantial part of the wealth” involved in the June 2015 divorce settlement – were transferred, making Karen Hart the owner of the company. The judge, Stephen Wildblood QC, said Hart had “done his utmost to frustrate her ability to run it efficiently and effectively” as he “bitterly resents” that the company had been transferred to his former wife.