Free Debt Management & Bankruptcy Articles

Professional Authors - Professional Articles



How to Get Debt Relief for Child Support


Everyone knows that child support is considered to be a domestic support and is an obligation. So, it is going to be treated much differently than all other kinds of debts when you are trying to find some sort of debt relief like bankruptcy for example. There are times in your life where you have fallen on hard times and even though you sincerely want to be able to pay the child support you find that it's nearly impossible to meet. If you find this to be your case, you really need to try to get some sort of support or modification done so that you can work it out.

Even though bankruptcy will not get rid of your child support debt, it can however help you to tackle it a little better. For instance with Chapter 7 bankruptcy your assets are going to be used to pay off any debt for child support that you have as well as any other domestic support you have to pay. If you are in a situation where the child support you are being asked to pay is far too overwhelming on top of all the other debt you may have, you may have to liquidate your assets so you get rid of most of your debts and then be able to handle the child support.

Now, if you actually owe more back support than you could ever possibly repay currently then you might want to think about filing for Chapter 13 bankruptcy. This will help to stop any further legal action being taken against you. The reason is that the federal bankruptcy laws will give you a way to restructure the back support that you owe. It will depend upon how much you owe, but you will be allowed to make monthly payments for the debt up to a total of 60 months.

When the child support is first set, it is based upon what you were making at that time. However, we all know things can change and situations can go bad due to losing a job and then getting another one that is for less pay. They also base the support on how little or how much you are involved in the child's life and if there are any changes they should be reported. If the changes mean you are getting less money then you need to let them know and ask that the support payments me adjusted accordingly. However, you will only be given a modification if you don't have any back child support. So make sure to seek a modification right away and don't let yourself get behind in payments.

When you do ask for a modified payment plan you will need to be able to prove the reasons why you are requesting for modifications. So if you are unemployed and are unemployment then give them proof by a copy of your check. If you have had your hours cut at work then provide proof. If you lost a job and had to take one for less pay make sure you have checks from the old job to compare to the new job. You also need to make sure that you have W-2's to show them as well.





Comments
Waldo Huggett commented on 05-Feb-2016 02:19 PM
hi great post


Post a Comment




Captcha Image






BLOG TAG CLOUD
short sale debt payment period loan finances initial research debt management high interest rate younger children internet extra money consumer lawyer handling money unexpected expenses groceries making payments account charges filing bankruptcy monthly budget deb consolidation repay loans insurance insurances bankruptcy common debt credit card help debt relief agency child spending good credit honesty telephone bills saving professional become free ongoing bills Chapter 13 credit cards less money credit scores expenses borrower credit company medical bills budget sheet bank gambling problem job loss full details need money paying out debt get out of debt your rights spending budget categories worksheet utility payments visualization home equity loans mortgages live within means check card great budget repayment plans back support loan harassment Consolidation Company specific budget categories illness bad debt management credit card traps installment plans own money government assistance total balance rent payments credit line children budget payment frequency management program debt consolidation savings account credit bureaus chapter 7 home debts debt problems teaching children finance credit card modified payment plan loss of income home equity past bad debt debt programs unreasonable expectations debt collection agency income child support debt losing a job court appearance debit card credit report take control of debt credit limit management tips doctors debts installment plan restrict spending legal action debt hobbies discounts education debt settlement credit accounts bank accounts good credit record more income extra payments stop harassment bad debt debt consolidation loans debt traps secured loan original creditor ill health phone calls children saving pay off debt interest seperate accounts flat broke good credit rating hospital understanding home equity lose your job monthly bill buying a house regain control debt relief credit card companies cash whole family piling debts paying bills comfortable living credit checks managing debt credit card company purchase protection tax info credit repair interest rates school jobs checking account overcharging personal finance software loan agents loan amount reduce debts cable bill house loan payment behavior rebuild good credit allowance cash card debt consolidation medical debt understanding lending company injury losing your job household items interest rate debt management advice medical bill good budget deals in writing careful handling tracking money savings debt management tips payday loan lending companies credit history overspending negotiate charitable organisation good debt debt company introductory offers common debt traps mortgage payments security creditors cancer implement a budget paycheck money help bills financial security loans invest money monthly payments budgeting spend money domestic support debt collectors budget credit rating investing order report building debts borrow money low interest credit card debt live your life learning experience prioritizing sickness social services save money bad financial decisions unsecured loan new job part time job trusted friends control spending classify bills down payment checks car loan candidate assets purchases payday loan companies loan companies liability debt collector help gambling debts help with debt family budget credit monthly payment credit companies debt management mistakes unemployed fly-by-night debt solution financial education taking responsibility asset info account interest management advice saving money credit reports negotiation budget ideas family assistance great budget ideas personal finances second job credit score overbearing bills emergency savings account debt free child support paycheck info pay off bill repay account fees interest payments receipt borrowing salary



Copyright 2016 - Free Info Site Enterprises
Privacy Policy  |  Copyright Policy  |  Website Use Policy  |  Non Endorsement Policy  |  Contact Us  

Finance Blogs
best blogs