Case study
Investigating suspected non-disclosure during divorce
The Client
Bridget had separated from her husband, and divorce proceedings were underway.
She suspected her husband had not disclosed all his bank and credit card statements, some of which she believed contained large income receipts, including the sale of family jewellery.
The Challenge
In divorce cases, it’s essential for both parties to be honest and transparent about their finances during divorce proceedings, as it’s necessary to achieve a fair and equitable division of assets and financial responsibilities. As such, ‘full disclosure’ is a legal requirement.
We were asked to do some transaction tracking work on this case to establish whether Bridget’s husband was being honest about his income streams and bank and credit card accounts.
The Solution
Bridget’s lawyer asked us to track all inter-account transfers and follow the transaction journeys, while checking there were no payments to undisclosed credit cards. These bank accounts involved multiple currencies. We were also asked to log all income receipts.
The Outcome
We ascertained that transfers were being made to unidentified bank accounts, giving our client’s lawyer enough evidence to raise the issue with the opposing law firm.
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Why Pennywise Consultants?
Does this story sound familiar? If it does, Pennywise Consultants can help. We specialise in creating and challenging lifestyle budgets and income needs schedules in mediation and legal proceedings.
Our independent, impartial reports are clear, easy to understand and presented in a format accepted by judges, court officials and legal professionals. Many top-tier law firms in England and Wales have successfully used our budgets to achieve fair outcomes.
We go the extra mile to help you and your clients make big decisions quickly and confidently, providing certainty and peace of mind. We can do the same for you.
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