Alimony Modifications Due to Loss of Income

Alimony Modifications Due to Loss of Income

Life can bring many unexpected and sometimes not so pleasant changes. Millions of Americans are experiencing this fact as of late thanks to the coronavirus outbreak. In May, the Colorado Department of Labor and Employment (CDLE) reported that the state’s unemployment rate had reached 10.2 percent. The downturn of the economy has left many Coloradoans scrambling to pay their bills and wondering what to do next. For unemployed workers paying alimony, this time can be even more stressful. If you are one of them, meeting with Aurora alimony and maintenance lawyers to find out if you can modify your order for spousal support should be a priority.

How is Alimony Determined?

Under section 14-10-114(3)(a)(1) of the Colorado Revised Statutes, alimony is determined using several factors included gross income and financial resources. If the ex-spouse who pays alimony has a change in income, for example, because they lost their job or were no longer able to make money in the way they used to be, a modification is usually necessary.

Although family courts intend for the divorce orders to be final, they do understand that circumstances can change that warrant changes. This is especially true considering the impact the COVID-19 pandemic has had on so many working Americans. To file a petition for alimony modification, it is generally best to hire Aurora alimony and maintenance lawyers. Your petition must show that you have a substantial and continuing need to have your spousal support payments reduced. If you cannot show this, the judge will not grant a modification. 

Can You Simply Stop Paying Alimony?

Even though the loss of a job can come without warning, those ordered to pay alimony are required to keep paying as ordered until a judge grants a modification. While it can be tempting or may even seem logical to quit paying as soon as you lose your job, you could face many serious ramifications. The good news is that if a judge determines your modification is warranted, you can receive a refund for the extra alimony money you paid while your petition was pending. 

Let Skilled Aurora Alimony and Maintenance Lawyers Help You

Every situation is different when it comes to spousal support and decreased income. If you have recently experienced a job loss or another significant decrease in income, reach out to the Aurora alimony and maintenance lawyers at the CNL Law Firm, PLLC. Remember that your obligations to pay alimony in the amount that it was ordered is not automatically reduced when your income is. You must formally petition the courts to modify their order based on the fact that you are experiencing financial difficulties due to your job loss. 

The most effective and reliable way to receive a modification of alimony is to partner with a well-versed attorney. Call (720) 370-2171 or complete our online form to request your free consultation with an experienced Aurora alimony and maintenance lawyer today. We know that this time is stressful, and we are here to help.

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