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→Exchanging documents and information
Financial information is often provided in the form of a ''financial statement''. Financial statements provide the details of someone's income and expenses, and assets and liabilities, and may be prepared using a form supplied by the mediator or one of the court forms designed for this purpose. Supporting documents will need to be provided, usually consisting of things like:
It is critical that both parties are honest and forthcoming about their finances. Nothing will damage the mediation process and the chances of reaching settlement more than the <span class="noglossary">discovery</span> that someone is hiding information or acting in bad faith.