thanks for the help. she has raised 3 boys without help for 20+ years. now if the deadbeat comes into money, she and boys could be rewarded for their hard work and life. Just wondering if this will happen...
?
It doesn't matter what a good lump sum pay off is. First, if the child support is being paid through the Court System, they determine what is owed + interest. And if an ex is ordered to pay through the Courts, and decides to make a lump sum payment directly to his ex? It's seen as a gift by the courts.
Liz
$50,000 sounds fair. Are you seriously proposing LOWERING the amount this guy owes to reward him for being late with his payments? Most places, if you borrow money, they make you pay back MORE than you've borrowed to cover interest. The way I see it, this guy has been borrowing money from his kids for a long time, and he should be paying back every last cent, at the very least.
Poohcat1
The ex wife CAN NOT determine this. The money is not HERS. It is owed to the children. Only a court could decide IF a settlement could be made for less.
Anonymous
Since when do they do this for C.S. payments? How did this deal get made?
Anonymous
$60,000 including interest for being a bum