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Ex-wife

Hello,

I use to make a lot of money but I ma in sals and recently my field is not going well, my income has decreased and I must pay 48 000 $ a year to my ex wife, that I cannot afford anymore… I will have to sell my house and after that, if things do not go better, I will go under. What happens to the settlements (child and spousal support I have to pay to ex-wife ?) If I cannot make payments anymore, will I have to reimbourse that ? after the bankruptcy period ? Or do I just continue with what I can afford ?

Thank you

Desperate

One Response to “Ex-wife”

A licensed trustee said...

Bankruptcy will not clear you from a debt for support. Given the facts as you have presented them, I suggest you contact a family lawyer and request a motion to have your support order changed to reflect you new income level. As long as the original order is in place you will be held responsible for whatever payment terms are set out in that order.