If you do not wish to file Consent Orders with the court, you are able to finalise your financial settlement with a Binding Financial Agreement. If you finalise your separation with Consent Orders, the court registrar or judge is required to consider whether the agreement is fair and equitable in accordance with the law. A BFA does not have this requirement and is finalised outside of court. You are able to negotiate with the other party yourself, via a lawyer or through mediation to attempt to reach an agreement. You must provide full disclosure of your assets and liabilities. Once you have agreed on a division of the assets and liabilities, a lawyer can draft a BFA then both parties need to obtain independent legal advice. Once all parties have signed the document, this legally finalises your property settlement without the need to apply to the court.