If you have negotiated a divorce settlement and then find out that your ex-spouse has been less than open when disclosing their personal finances, the court will reopen the matter if there is sufficient evidence to do so.
In a recent hearing, the court was told by the ex-wife of a businessman that he had not been entirely truthful when he had made his financial disclosures. She claimed that her ex-husband had substantially undervalued his assets by claiming that shares he owned in a company had no value because it was not trading, when the turnover was in fact in excess of £50 million. She alleged that the shares were worth more than £700,000.
In addition, she claimed that he had failed to disclose other investments he held that were worth more than £800,000.
The wife successfully applied for the previously agreed financial settlement of £1.8 million to be set aside so that a new settlement, based on the true position, could be negotiated.
Husband Who Hid Assets Faces New Settlement
For more information or to speak to one of our experts, please call us on 01606 48777
"Extremely fair, understanding, caring and knowledgeable in all aspects of family law."
Mr P"Amazing attitude and caring towards its customers in life's most stressful situations."
Anonymous"Highly recommend the conveyancing services. Extremely satisfied with the overall level of service provided - kept me informed at every stage, providing good information and advice."
Heather Woolley"Excellent efficient will-writing service from very friendly staff. Everything explained to us so that we understood it. Fantastic!"
Jane Imisson
The contents of this article are intended for general information purposes only and shall not be deemed to be, or constitute legal advice. We cannot accept responsibility for any loss as a result of acts or omissions taken in respect of this article.