EXCLUSIVE NEW DETAILS: Jon and Kate Financial Assets To Be Divided By December 21

Nov. 23 2009, Published 9:30 a.m. ET

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A divorce arbitrator will divide Jon and Kate's financial assets by December 21, has learned exclusively.

That timetable makes it likely that the couple's divorce can be finalized by the end of this year, as Jon's lawyer Mark Heller told previously.

Jon and Kate spent much of Saturday, November 21 with an arbitrator who went though the marital property line by line, learned exclusively.

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Many - but not all - decisions about who gets what were made and the arbitrator will resolve the outstanding economic issues with a ruling by December 21, a source close to the situation told

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Things got off to a rocky start when Heller showed up 45 minutes late with several shopping bags full of documents, learned.

And as we previously reported Jon brought roses for Kate in a publicity stunt to try to further Team Jon's characterization of the divorce as the War of the Roses.

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Kate did not accept the roses and a source familiar with the situation told, "She was disgusted by Jon's actions. She sees right through him.

"He told the press he brought the flowers as a peace offering but Kate knows he just did it for attention. You can't go on TV and say you despise someone and then bring them roses. Kate is keeping her focus on pushing this divorce through as fast as possible."

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Kate had hoped to keep Saturday's meeting out of the spotlight and avoid a sideshow to what has been a painful and public divorce for the Jon & Kate Plus 8 star.

When the couple's finances are decided by the arbitrator's ruling Jon will be looking at some potentially hefty legal bills coming out of his share. TLC is suing him for breach of contract and seeking a preliminary injunction against him.

EXCLUSIVE DOCUMENT: Jon And Kate Major's Secret Contract examined the court docket and there are proceedings scheduled past the first six months of next year. If TLC is awarded damages against Jon, he could see his share of the marital assets disappear with record speed.

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