Have you been calculating your assets wrong?

By January 4, 2016Family Law
have you been calculating your assets wrong

The Ministry of Justice is currently investigating a fault that has been found in their online software. ‘Form E’ on the Ministry of Justice website is used by thousands of couples to input their assets and financial details when going through divorce proceedings. It is a simple online form used when applying for a financial order that requires individuals to give full and frank disclosure of their finances, in order to facilitate a division of these assets.

However, it has recently come to light that the Form has been producing inaccurate calculations since as far back as April 2014. One particular portion of the online form is inflating figures due to a mathematical error, by completely disregarding any minus figures such as debts or liabilities.

This means that some judgments that have been handed down during this period may have been founded on inaccurate figures; particularly concerning as over 20,000 forms have been downloaded since April 2014.

While it is believed that the Form has now been corrected on the Ministry of Justice site, it may take months to unravel the chaos caused by these miscalculations.

 

 

Author:

Amarjit Atwal

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