My sister is going through a difficult divorce and its been 3 years since separation. Mediation was attempted but was unsuccessful. They share 3 children under age of 13, the child arrangement was agreed towards middle of last year after lengthy negotiation between solicitors. To agree the finance split for the divorce they both agreed to complete Form E with the potential that this will go to court if they cannot agree. The Form E was completed towards end of last year but there has been a number of discrepancies with the information provided by my sisters ex. Previously to January this year, all correspondence regarding the Form E has been between solicitors, however a couple of months ago he asked to not communicate between solicitors due to cost and speed to get a deal done. It looks like the other reason why he doesn’t wasn’t to communicate between solicitors and proceed with Form E is because he knows the discrepancies and inconsistencies would not look good for him if it ever went to court - he did admit this verbally over the phone to my sister and also explained he has had disagreements with his solicitor because of this. The correspondence without solicitors has progressed to a position where they are close to agreeing a final position, the only thing they are disagreeing on is ownership of a loan of 10k to a family member.
My feeling is that my sister should not back down regarding the 10k loan and that her ex is in the weaker position. If this went to court then my feeling is that she would get a deal better than the current one on the table (obviously I am not an expect and there is bias on my side). However the reason of posting this is to understand more about how the discrepancies in the Form E and the impact this could have on him. He could in theory correct the discrepancies and explain they were an oversight, then take the risk and proceed to court. If he does this then what are the potential and likely consequences? What is he risking if the judge feels he purposefully failed to provide full and frank financial disclosure, if he corrected it later on in the Form E process?