Many spouses considering divorce worry about the impact that final decrees may have on their finances. They understand that they must split their property and may be subject to support orders after the divorce. They may also worry about the overall cost of the divorce diminishing their resources.
What many people fail to consider is the impact that preliminary injunctions may have on their financial circumstances in the early stages of a divorce. Understanding how the courts respond to a divorce filing can help people protect their financial stability throughout the divorce process.
Injunctions aim to prevent misconduct
Financial misconduct in the early stages of divorce is relatively common. People frequently try to transfer or liquidate assets to hide them from one another or otherwise manipulate the outcome of property division proceedings.
Preliminary injunctions can help prevent misconduct by freezing joint lines of credit and preventing people from accessing shared financial resources. Injunctions often prevent the sale or transfer of shared property and any other potential financial misconduct that could undermine the fairness of the property division process.
People can prepare for the impact of preliminary injunctions by opening bank accounts and lines of credit in their own names before initiating the divorce process. They can also respond to injunctions by taking those same steps, although there may be a few days where they lack financial liquidity or access to revolving credit because of the court orders.
Learning more about the basics of the divorce process can make it easier to prepare effectively and to avoid common financial complications. Spouses who work with lawyers may have a better understanding of how to protect themselves during an Arizona divorce.