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Annulment

JDF 1111 – Completing The Sworn Financial Statement

During the Colorado divorce process, the JDF 1111 – Sworn Financial Statement is a required form to be completed by both parties on their own. This form is important to the court as they use it when determining spousal and child support. This article provides insight into this form as well as a link to download it.

What Is 
The JDF 1111?

The JDF 1111 Sworn Financial Statement is a six-page detailed legal document used to outline your complete financial situation. This includes information about your monthly income, your monthly recurring expenses, and your current assets and debts.

Each party must complete and file the JDF 1111 on their own and have it notarized and exchanged with the other party. The financial statement must be filed within 40 days of service to the Respondent or within 40 days from when you filed jointly.

Our Colorado Divorce Lawyers Are
Ready To Listen

Our experienced Colorado divorce attorneys have the knowledge, resources, and dedication to prepare your case and protect your interests to find the best possible outcome.

Who Determines How Assets Are Divided
In A Colorado Divorce?

The Court tries to let you and your spouse work out an arrangement that is equitable to both parties. In Colorado, Courts require mediation before anyone sets foot in a courthouse for their “Final” or “Permanent” Orders Hearing. This is because the Courts understand that out of everyone in the world, you and your spouse know your means, abilities, and desires the best. It is easy to think any property division should simply just go down the middle at a 50/50% split. But equitable does not always mean fair. The Courts have every right to determine whether a settlement is not equitable to both parties and ask that the parties attempt to do it over again with some instruction from the Court. If an agreement cannot be reached, the Court will step in to allocate property. Learn more about how assets are divided.

Modern Family Law

Modern Family Law’s team of experienced Colorado divorce lawyers takes a compassionate approach to the practice of family law. Using innovative technology to create an effective and efficient process for our clientele, our attorneys approach each case as a collective effort to find the best long-term solutions for each family. For more information please give us a call or fill out a short form online to sign up for a free consultation today! Let us make a positive difference in your life.

By: MFL Team

Posted November 28, 2022


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