Financial Resolution
Very few cases involve only the divorce paperwork. In most cases a settlement also needs to be reached in relation to financial issues relating to the matrimonial home, pensions and other assets and liabilities held by one or both parties.
These all form the 'pot' of matrimonial assets which need to be divided as part of the financial settlement. It is often these matters which cause the most confusion and difficulties.
It may be possible, with the help of your lawyer, for the parties to agree a financial settlement. If this can be done the agreement can then be drafted into a Consent Order, which once signed by both parties can be forwarded to the court for approval and sealing. As long as the court approves this, the Consent Order is sealed and it then forms a legally binding documents dealing with the settlement of the financial matters.
If an amicable agreement cannot be reached an application will need to be made to the court to help decide the issue. This is known as an Ancillary Case. With an Ancillary Case you will have to attend court on two or more occasions before the court will decide how to settle the financial matters.