Dealing with financial obligations is something that almost every adult must face. Some individuals may have monetary responsibilities that others do not, and child support could be one of those obligations. Though this support is often necessary for custodial parents to provide for the children, the parent who is required to pay may struggle to meet the monthly payments. In these cases, individuals may wish to consider support modifications.
New York residents may be interested in one man who recently sought such modifications. Reports stated that former NBA player Glen Rice decided to petition the court for lower support payments due to his financial situation. Rice has apparently been unable to find gainful employment since he retired from professional basketball in 2004. He has reportedly been living off his previous earnings as well as limited income from appearances and autographs.
His initial child support obligation was $1,500 per month, which had been in place since 2010. However, at the time of the report, Rice had accrued $2,000 in back support payments. His petition to the court was successful, and as long as he catches up on his unmade payments, his obligation will be reduced to $600 per month.
As this case shows, anyone can be struck by financial difficulties. Rather than hiding from those obligations, individuals who are struggling may wish to take action in order to find a more manageable situation. Seeking support modifications may help struggling New York parents reduce the risk of falling considerably behind on payments and allow them to gain payment amounts that are more feasible to handle.
Source: bradenton.com, "Former NBA star 'almost broke' and gets to lower his child support payments", Jose Lambiet, Sept. 20, 2016