Many couples who have concluded their financial disputes upon divorce in the last 20 months may have to try to re-open negotiations due to a fault that has been found in the Form E software used to calculate assets.
20,000 downloads of the incorrect form have taken place but some may have filled the details in manually with a pen so will not have been affected.
The Ministry of Justice (MoJ) was urgently investigating the extent of the errors in the form on its website, which have the potential to inflate the financial worth of a party.
In essence, it is paragraph 2.20 which is at fault. This paragraph draws in all the previously inputted financial information to produce a summary of assets. The error lay in treating the liabilities figure as a plus figure rather than a minus figure so that, for those with extensive debt, their financial picture would have appeared much more rosy than it, in fact, was.
At stevensdrake we do not use the MoJ forms and use dedicated software to complete the forms E so none of our clients are affected and, further, when negotiating or going to court, we always prepare a separate schedule of assets, which would eliminate any potential errors.
If you would like to find out more about settling a dispute, please contact Peter Alison, Head of Family Law at stevensdrake solicitors by emailing email@example.com or call 01293 596935.