Financial Proceedings

After a divorce, couples may find themselves in a dispute regarding how they should split their assets, including property, finances, pensions, and any businesses.

Financial proceedings aim to produce a final agreement between divorcing parties; however, you can only have a full and final legally binding agreement on finances if you have finalised your divorce. Our team of experts will guide you through the process of dealing with your finances after you are divorced.

We understand that you will want to know what you are entitled to, alongside protecting what is yours.

Financial proceedings are notoriously complex, and there is a significant amount of work and evidence that should be prepared before a hearing.

The time taken to resolve financial proceedings will depend on whether a settlement agreement can be reached between the parties. If an agreement is not reached, financial proceedings may take around a year to complete.

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For a free initial discussion and a no-obligation quote, get in touch with us today by simply calling us on 020 3383 0173 or email us at enquiries@fcos.co.uk and a member of our team will get back to you.

Starting Financial Proceedings

Once a former spouse has progressed to file financial proceedings with the court, a timetable will be scheduled which will include a date for the first directions appointment, the proceedings will also be allocated to a local family court.

However, if there are significant assets and the case is complex, the financial proceedings might then be transferred to the High Court.

Types of Financial Proceedings

Our team of specialists are on hand to help you through financial proceedings following a divorce, they understand how to represent your best interests and will advise you on the options for securing your financial interests.

There are usually three court hearings involved:

  • First Directions Appointment (FDA) –
  • Financial Dispute Resolution Appointment (FDR)
  • Final Hearing

First Directions Appointment

A First Directions Appointment is a case management hearing where a judge will provide directions for the future conduct of the case.

After the issues are summarised for the Court, a judge will decide how to move the case forward, usually, there is likely to be an attempt to solve the issues to reduce costs.

Often, issues can be resolved, however, if this is not the case then our experts will be able to put the case forward to a judge who will then decide what action to take.

Financial Dispute Resolution

Financial Dispute Resolution involves a Judge who will indicate how they would decide a case.

The dispute hearing is designed to help the two parties settle amicably, although an agreement cannot be imposed on either of them. If an agreement cannot be reached, there will be another hearing in front of a different Judge.

Final Hearing

At a final hearing, each party would put their best case forward and be prepared to give evidence to the Judge. The Judge would then decide after hearing both cases, on how the finances should be divided, and whether one party would be obliged to support the other party financially.

We understand financial disclosure can be an issue. You should contact our team to discuss your circumstances as soon as possible.

Why Choose us

Using our wide range of legal knowledge and expertise, we have helped many clients in splitting their finances after a divorce. Our approach is to be proactive and work with you to achieve your objectives and deliver successful outcomes as efficiently and promptly as possible.

We can clearly explain the range of legal options available and guide you towards the option which would be best suited for your specific circumstances.

How to Get in Contact

For a free initial discussion and a no-obligation quote, get in touch with us today by simply calling us on 020 3383 0173 or email us at enquiries@fcos.co.uk and a member of our team will get back to you.

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