Divorce can be an emotional and challenging time, especially when financial disputes arise. In some cases, one spouse may attempt to hide or spend assets to limit the share available to the other. This tactic, known as asset dissipation, can leave the other partner-facing significant financial loss. Fortunately, UK family law offers a powerful tool to prevent this kind of financial manipulation: the freezing injunction.
Freezing injunctions (or “freezing orders”) are court orders designed to “freeze” certain assets so they can’t be moved, sold, or hidden during divorce proceedings. This step can be invaluable in protecting both parties’ financial interests and ensuring a fair settlement. Here’s a closer look at why freezing injunctions are used, what they involve, and how they protect families during this delicate time.
If you believe that your spouse is dissipating assets, seeking legal advice as early as possible is essential. A family law solicitor can help assess the situation, gather necessary evidence, and recommend steps to protect your interests. In some cases, they may suggest involving a forensic accountant, who can help trace and confirm suspicious financial activity.
Taking action early can make all the difference in securing a fair settlement. With a solicitor’s guidance, you can determine if a freezing injunction is right for your circumstances and act before assets are put beyond reach.
If you have concerns about your financial security during a divorce, don’t hesitate to reach out. Contact us today at 020 7100 6100 for a free initial consultation – we are here to help you secure a just and fair resolution.
