Freezing of Assets
Asset Freezing on Divorce/Separation
When considering financial matters following separation it may sometimes be necessary to make emergency applications in order to protect assets, and prevent the other party from disposing of them. Such applications are unusual and should only be made in extreme circumstances.
Making an Emergency Asset Freezing Order
If you are concerned about your ex-partner disposing of assets then it is important that you seek legal advice as a matter of urgency. It is important that you have sufficient information and evidence to prove to the Judge the need for an Emergency Order to freeze the assets. Freezing Orders can be applied to bank accounts and property and will essentially stop any dealings or transfer of the assets whilst the Freezing Order is in place.
If an Emergency Order is made then your ex-partner will have the opportunity at a later Hearing to defend the application and if the application is not sufficiently proven then any Interim Freezing Order may be discharged.
It is important to consider that such emergency applications should only be made in the proper circumstances, and not with malicious intent. Any applications deemed to be inappropriate could have consequences in relation to payment of the Court and legal costs.
Points to consider would be the past actions of your ex-partner. For example, have they previously moved funds without your knowledge or refused to provide full information about their finances?
We provide free initial telephone consultations for all our clients. Call us now on 0844 800 9860 or contact us online for advice about your specific issue.
Responding to an Emergency Asset Freezing Order
If you have been subjected to an Emergency Asset Freezing Order, it is important to get urgent legal advice. We can assist you in responding to the order including attending to any court hearings.
We provide free initial telephone consultations for all our clients. Call us now on 0844 800 9860 or contact us online for advice about your specific issue.
Financial Settlement Services