Understand your Rights in Divorce Property Division Now!

by | Feb 20, 2026 | Uncategorized | 0 comments

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Engineering Firm Signs Long-Term Lease at 8585 Broadway in Merrillville­­On Jan. 21, 2008, stock prices tumbled around the world. Most analysts pointed to fears surrounding the United States economy and a possible recession as the reason for the drop. Ironically, economic conditions in the United States were affecting the world economy on a day when its own markets weren’t even in session — they were closed for the Martin Luther King Jr. Day holiday. Three days later, news outlets were already reporting a new economic stimulus package, designed in part to try to prevent a recession. This isn’t the first recession news in recent memory. On Nov. 26, 2001, the news media announced the United States was officially in a recession and had been since March of that year. To most Americans, this wasn’t all that surprising: Rising unemployment and a weak stock market had been in the news for months. Who decides when the economy is in recession, and on what grounds?

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Is there a time limit? A matrimonial property settlement can be negotiated or resolved by going to Court before you get divorced. But, once you are formally divorced, you must resolve your property settlement (by agreement or by going to Court) within 12 months of the date on which your Divorce Order became final. How do we reach an agreement? Using the resources of the Courts to come to negotiated agreement or to receive a decision. It’s important that you know that there are pre-action procedures for property settlement matters that are designed to help people resolve property settlement disputes without going to Court. We can help you to navigate and comply with those procedures. What happens if we reach an agreement? We recommend formalising any agreement reached to provide clarity about its terms. That tends to improve the chances of the agreement being observed and carried into effect. By entering into a Financial Agreement.

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