On occasion, the terms of a financial settlement may need to be varied at a point after the original Order was made.
For example, if one party has been Ordered to pay spousal maintenance and they subsequently lose their job this may be a good reason to vary or suspend the maintenance Order. This is only one example and many situations can arise resulting in the potential to vary a financial Order.
The variation of a financial Order can be agreed between parties by consent or by making an application to the court. The court has the power to vary or discharge the Order concerned, or to suspend temporarily (and later revive) any provision of the Order.