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Jail Becomes Home for Husband Stuck With Lifetime Alimony


               
2013 Aug 26, 2:08am   2,375 views  14 comments

by zzyzzx   follow (9)  

http://www.bloomberg.com/news/2013-08-26/jail-becomes-home-for-husband-stuck-with-lifetime-alimony.html

The former Citadel Investment Group Inc. portfolio manager, who once earned $1 million a year, has been jailed for missing court-ordered payments at least eight times in the past two years as he coped with the end of his 17-year marriage.

The reason he ran afoul of the law was simple. He was out of work for most of that time, a victim of a weak economy, and he ran through his savings trying to pay his wife alimony and child support that totaled almost $100,000 a year.

β€œIt's a circle of hell there's just no way out of,” Schochet said. β€œI paid it as long as I could.”

Schochet and ex-spouses in similar changed circumstances say New Jersey's law unfairly imposes lifetime alimony on them. If they fail to make payments, like the $78,000 a year Schochet owes his ex-wife in alimony, they can be jailed for contempt of court regardless of whether they have a job or resources.

Relief may be on the way. In states such as New Jersey, Connecticut and Florida where divorce laws are based on century-old notions of what an ex-spouse deserves, laws are being proposed to limit alimony in recognition of wives' earning power and the changed economic circumstances husbands can face.

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11   turtledove   @   2013 Aug 28, 1:10pm  

Quigley says

The long arm of the "state" law isn't really that long at all.

I'm not a lawyer, but I am almost certain....

Where the children reside determines which state laws apply. He can't expect protection simply by moving to another state. Moving wouldn't help him with alimony, either, as long as the ex-spouse stays in the state that the order was initially decreed. In other words, only if both parties move out of that state would another state's laws be applicable.

12   carrieon   @   2013 Aug 28, 2:05pm  

I'm from the ghetto, knocked up 14 women and haven't paid a dime for it. The key is to not work and let the community pay for it.

13   Ceffer   @   2013 Aug 28, 4:05pm  

I thought that the bailout included banksters' alimony payments and personal bad debts, even gambling, so that they could get back to the job of performing heroic and helpful deeds for our country and our economy.

14   Blurtman   @   2013 Aug 28, 4:09pm  

Husband = House bound.

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