While the economy has certainly come out of its slump and unemployment levels are lower than in previous years, things could be better. This means there are still many people who are searching for jobs that can financially sustain them. And if you’re one that has lost a good-paying job and struggles to make ends meet, you may be wondering how you can continue making your court-mandated child support payments.
Fortunately, it’s possible to have your child support payments reduced. The process is not easy, and not every parent will find success, but it’s worth a try, especially if you’re struggling to make your current payments. In Minnesota, there is a formula that determines how much a person must pay in child support. If you’re seeking a reduction, you need to prove that a substantial change in your financial circumstances now makes the current child support unreasonable.
When considering a modification in child support, the court will use the child support guidelines used to calculate the original amount, and apply it to your new financial situation. If the new child support amount is at least 20 percent and $75 lower than the current amount ordered, the current order may be determined as unreasonable.
It’s not as easy as you think to modify your current child support obligation, even if your income has drastically reduced. It’s best to seek advice from attorneys who are experienced in divorce and family law topics. Contact us today to set up a consultation so we can discuss the best way to help you with child support modification.