TMZ reported yesterday that there was a final settlement determined by the arbitrator in the Gosselin divorce. The arbitrator’s ruling will now go to the divorce judge, who is expected to sign off on the division of property and finalize the divorce. Radar Online followed up with a report from Kate’s camp that she was very happy with the outcome, which is unfortunately sealed so we don’t know the details. Her lawyer tells Radar that the divorce is about to go through and a source is quoted as saying “She couldn’t be happier. Kate is thrilled.”

Jon’s scamming lawyer is saying that the divorce is far from over, though, and tells E! Online that “That’s still a work in progress. We’re waiting for a final decision.” Maybe the verdict isn’t in yet, but it sounds like a done deal. Mark Heller, who represents John, also said his client isn’t broke and repeated his ridiculous claims from yesterday that Jon is an in-demand celebrity, adding that he’s like a “folk hero”:

Despite word that the former reality fun couple’s divorce was “imminent,” the lawyer for Jon Gosselin tells E! News that it’s not likely to happen until after the calendar flips.

“That might be a little premature,” says attorney Mark Heller of a TMZ report that the arbitrator overseeing the case had made a ruling. “That’s still a work in progress. We’re waiting for a final decision.”

Next week marks the six-month anniversary of them filing the divorce petition in a Pennsylvania courtroom to dissolve their 10-year union.

While he’s not setting a timetable on the divorce, there is one thing that Heller is more certain about.

And that would be the state of Jon’s finances.

Heller says there’s no sign that the octodad is hurting for cash after a court order was issued last week for him to stop making paid public appearances in violation of his TLC contract.

“I don’t know anything about him not meeting his obligations,” says Heller. “Jon has met all appropriate legal obligations.

“Jon, this past year, was the most photographed man in America. He was included in more magazines than any other television reality celebrity. He is tremendously in demand by the public. Whenever I’m with him and we go out, fans rush to him to take pictures with him and their children. He’s become a real America personality and sort of folk hero, and I think he has a very bright future.”

So what is our favorite “folk hero” working on now?

“Jon is focusing on his children for the holiday,” says Heller. “He is buying them special presents and looking forward to preparation of celebration. His focus primarily is not on the litigation, but on his family. It will be a very joyous time for him and his children and he is embracing the moment.”

[From E! Online]

Adding credence to Kate’s side of the story, Jon was seen shooting off a gun yesterday outside his property in Pennsylvania. It’s unclear what he was shooting at exactly, but you can probably guess what he imagining. As some of you wondered in the comments yesterday, how much longer is Jon going to be able to afford his estimated $3,000 a month NY city bachelor pad? He’ll have to find a cheaper place nearby and I doubt Kate is going to let him live over the garage again. Pretty soon his paparazzi buddies will stop coming around and his tabloid contacts will stop returning his calls. If only he had treated some of his hookups better he might have some company in his misery. He can alway console himself with the “fans” willing to support their “folk hero.”

Header photo from 8/10/09. Credit: Fame Pictures