Intervener within Financial Remedy proceedings

Dean was instructed by an intervener in financial remedy proceedings to recover a £30,000 loan made to a friend.

The client had loaned the money to enable his friend and friend’s partner to purchase a property. They had agreed verbally that the client would have an interest of £30,000 in the property, however this had not been recorded in writing. The client’s friend had subsequently married and was now in the process of divorcing his partner, who denied that the client had any interest in the property.

As the financial proceedings had already commenced, Dean assisted his client in making a civil application within those proceedings to realise his interest in the property. At the second hearing Dean successfully negotiated settlement of the matter, thus avoiding the need for a contested hearing and the incursion of further legal costs.