ARENSON & ARENSON

In the matter of *Arenson & Arenson*, Judge Burchardt considered an application concerning the division of property between a husband and wife. The dispute centred on the terms of settlement regarding financial obligations and the distribution of various assets.

The court was required to determine the specific orders to be made for the payment of a sum of money by the wife to the husband, and the consequences of non-payment, including the potential sale of real property. Further, the court needed to delineate the separate entitlements of each party to their respective superannuation, bank accounts, insurance policies, and other property, and to address the severance of any joint tenancies.

Judge Burchardt ordered that the wife pay the husband $4,500 within 60 days. In the event of non-payment, the real property at A Street, Suburb B, Victoria was to be sold, with proceeds applied first to sale costs, then to discharge any mortgage or encumbrance, then to satisfy the outstanding payment with interest at 7.5% per annum adjusted monthly, and finally, any balance to the wife. The orders also stipulated that each party was solely entitled to their superannuation and other property, with specific provisions for joint bank accounts, insurance policies, and the severance of joint tenancies, and each party was to indemnify the other against liabilities related to their respective entitlements.