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.

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

Post a Comment

Captcha Image

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

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

Finance Blogs
best blogs