How Do I Decrease My Child Support Payments When I Sell My Business?
Full Question:
Answer:
You would need to file a motion to modify child support in the court that issued the child support order. You may see the forms below and inquire with the clerk of courts regarding fees, as they vary by court. You may ask the clerk how many copies their office needs, and one copy will need to be sent to the other party (or their attorney). A court may grant a motion for a modification of a divorce decree when the parties consent to the modification or when a significant change of circumstances justifies the modification. Certain aspects of the decree are modifiable, while others are not. The property division is not typically modifiable by the court. It is final. Child support or custody may be modified if there is a significant change of circumstances, such as a significant decrease in income.
A modification generally affects future support payments. Typically, the current default of one party will be taken into consideration in making the modification by stating how any delinquent payments owed will be treated. The modification is usually made to apply to future payments only and is not retroactive, so that arrearages are still owed. Collection of arrearages may occur separately from the modification.
