Asset Protection and Freezing Injunctions
Where there are moderate to significant assets, there can sometimes be concerns that your spouse or civil partner is hiding assets from you or is taking steps to dispose of them without your knowledge. They can do this by redirecting their income, withdrawing significant sums of money or transferring property or shares to put them out of your reach.
There are of course times when these transactions can be perfectly legitimate, for example the sale of a property in return for a fair value but sometimes these transactions or the timing of them are deliberate attempts to reduce your financial claim. If you are concerned that this is happening to you then there are steps that can be taken to protect your assets. One such example is a freezing injunction.
It is crucial that the applicant acts quickly when making their application for a freezing injunction. Any delay will make it more difficult to convince the court that the injunction is necessary. Delay also increases the risk that the assets in question will already have been dissipated by the time an injunction can be granted.
This area of law needs prompt attention so that assets aren’t pulled from your reach. For a confidential discussion, please contact our team of specialist family solicitors today.