The Financial Restraining Order – Part 2

September 7th, 2016

In part one of our two-part series, we briefly explained the financial restraining order for those going through a divorce in Portland Oregon.

Dollar in nooseIn this installment, we’re going to look at what might happen if the financial restraining order is violated.

To quickly recap, a financial restraining order prevents either party from drastically changing their financial status. Both parties are refrained from changing or canceling insurance policies, making big purchases, or selling property.

After the financial restraining order is in place, if either spouse needs to make a transfer or payment, they must first petition the court. If the other spouse agrees that the transaction needs to be made, it is likely that the court will approve it.

If there’s an objection from the other spouse, there will be a hearing and the court will determine if the restraining order can be lifted.

Financial restraining orders are very serious. They are there to protect both parties, and their offspring, as well as to ensure a fair division of property.

What happens if a spouse violates a financial restraining order? They could be found in contempt and forced to pay fines or ordered to pay the other party’s attorney fees.

Financial restraining orders are not applicable in cases involving unmarried couples, grandparent visitations, and paternity issues.

Going through a divorce in Portland Oregon, and dealing with a financial restraining order, can be quite overwhelming unless you have a competent lawyer like Ronald Johnston on your side. You can contact him here.

To read part one of this series, click here.

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