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New Casualties in the Finance World? 

First it was the housing crunch hitting divorcing couples, forcing them to live together longer or take serious hits to their equity. Now a new problem is arising. Employed spouses are having difficulty making alimony and child support payments.

 

The recent downturn in the economy has eliminated extra funds for things like bonuses and raises, and commission based employees are feeling the sting as well. With less money coming in, they're finding it harder to make payments that were based on happier financial times.

 

Many are returning to court, but courts are expected to be unsympathetic. So what's next for the spouses finding themselves with less money to make ends meet? Will bankers and CEOs start working the Drive thru at McDonalds just to pay Alimony, or will we see a new rush of Deadbeat Dads?

 

Source: www.guardian.co.uk

by inthenews  754 Posts 

Posted on 2/11/2009 1:19 PM
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