Post-separation, a party drained assets to sidestep an equalization payment and accumulated support arrears.
KLG Barristers and Solicitors secured an asset-freezing motion and then obtained a vesting order for outstanding support dues.
The court sanctioned both the freeze and the vesting order, safeguarding the affected party's financial rights.
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Freezing of Assets and Vesting Order
The financial intricacies in family law disputes are often entangled with emotions, leading to complex challenges that demand an astute legal approach. When individuals use tactics that undermine the rightful entitlements of their former partners and children, it becomes imperative for legal professionals to act swiftly and judiciously. KLG Barristers and Solicitors recently spearheaded such a case, shedding light on its expertise in managing financial discrepancies while championing the rightful interests of its clients.
Note: While the essence of these legal battles remains accurate, specific details have been sufficiently altered to maintain anonymity.
Background At the heart of this dispute was the financial manoeuvring of one party, evident in their calculated depletion of assets. Their intent was transparent—to avoid honouring a significant equalization payment, which stood to secure a just division of property post-separation. Yet, the financial discrepancies didn't end there. In addition to asset dissipation, the said party was amassing considerable arrears, failing to meet their obligations for spousal and child support. This, inevitably, left the other party in a financially precarious situation, questioning the stability and support for themselves and their children. It was under these circumstances that KLG Barristers and Solicitors were entrusted to level the playing field.
In the aftermath of a separation, one party was systematically depleting their assets with a clear intention: to dodge a substantial equalization payment. This evasion strategy was compounded by a growing backlog of spousal and child support arrears, placing the financial stability of the other party and their children in jeopardy.
KLG Barristers and Solicitors swung into decisive action. First, they successfully argued for a motion to freeze the assets of the depleting party, safeguarding against further financial erosion. Subsequently, leveraging this victory, they secured a vesting order, thereby transferring the defaulting party's interest in the matrimonial home to cover the outstanding spousal and child support arrears.
Through the adept interventions of our team, the court swiftly approved both the asset-freezing motion and the vesting order. This ensured the protection of the client's financial rights and guaranteed the owed support, affirming the firm's expertise in managing complex financial discrepancies in family law.
KLG Barristers & Solicitors operates an environment wherein lawyers and paralegals collaborate in an associative manner as opposed to a partnership, enhancing the efficacy of our legal services.
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