![[Child Support Reduction] and Adjustment by Period Reflecting Excessive Debt π](/_next/image?url=https%3A%2F%2Fagqdgbuateknhwpocrgu.supabase.co%2Fstorage%2Fv1%2Fobject%2Fpublic%2Fassets%2Fyuri%2Fcontent%2F140394%2Fthumb.jpg&w=3840&q=75)
Hello, this is Attorney Yuri Seo. Today, I would like to introduce a case where we successfully obtained a court decision for child support modification (reduction and phased adjustment) in a situation where previously agreed-upon child support payments became impossible due to financial difficulties.
1. Case Overview: "Debt Interest Exceeding Income" π
The petitioner (client) had agreed to pay β©900,000 per month in child support at the time of the divorce. However, due to debts exceeding β©900 million, including apartment mortgage loans and various credit loans, they were in a situation where they had to spend approximately β©6.6 million in principal and interest each month. Excluding taxes and minimum expenses, their expenditures far exceeded their income, resulting in a severe financial crisis.
2. Key Issues and Assistance: "Appealing for Realistic Ability to Pay" π‘
Our firm emphasized that if the petitioner's current financial situation continued, it would become impossible to pay child support in the future. We argued that reducing child support was essential for the welfare of the child.
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Proof of Financial Situation: We provided detailed documentation of loan interest and principal payments, proving that expenditures exceeded income.
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Proposed Phased Adjustment: Considering the current temporary lack of financial resources and the possibility of financial improvement through the sale of the apartment, we requested a flexible adjustment based on the payment period.
3. Court Decision: "Child Support Reduction and Suspension Decision" β¨
The court pointed out that the petitioner's financial situation was partly due to their own choices, but considering the current excessive burden, they modified the child support as follows:
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March 2024 ~ February 2026 (2 years): Reduced to β©400,000 per month.
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March 2026 ~ the day before adulthood: Adjusted to β©1,000,000 per month.
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Conclusion: We succeeded in reducing the burden for the initial two years to less than half, reflecting the temporary economic crisis.
4. Advice from Attorney Yuri Seo π¬
Although it is often thought that child support, once determined, is difficult to change, it can be adjusted through the court if there is a clear change in the parent's economic ability or a change in circumstances. Especially if your livelihood is threatened due to excessive debt, it is the right choice for the welfare of your child to consult with an expert and prepare a realistic payment plan.
Are you concerned about adjusting child support due to financial difficulties? π€ We will carefully analyze your situation and find the best solution.
Apply for a consultation right now!