Troubled Times for Alimony Payments
- September 22, 2009
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In today’s economy it is hard enough to keep a job and those big bonuses are a thing of the past for many. Unfortunately, when your income changes your bills often stay the same and it’s hard to make ends meet. If you are responsible for paying alimony, it may be time to seek a modification of your alimony payment based upon a showing of changed circumstances. Often alimony is established with the assumption that earnings will continue to increase slightly over time, you will eventually feel the sting of that monthly payment a little less, and life will go on with some adjustments. In the current economy that is far from true for many. With President Obama saying that we will not see job growth catch up until at least the middle of next year, and CNN saying that it will be 6 years before we are back to the levels we were at before the massive economic downturn began in 2008 it is liklely that you will be awarded a downward modification if you can meet the required showings for the court. In New Jersey the main burden of proof is changed circumstances, and the court will also consider your former spouse’s needs and ability to support themselves as well as your existing ability to pay. If you feel you qualify, and wish to avail yourself of the opportunity you should consult an attorney to file the necessary motion.
For more information on Alimony in New Jersey visit www.HeatherDarlingLawyer.com