My lawyer filed the divorce
papers for my uncontested divorce last week. My understanding is that the final divorce decree may take anywhere from 2-4 months to come through.
Here is my problem. I am ordered to pay my ex $10,000 per month in support. No child support
, just spousal support
The consulting business I started in 2010 grew pretty well to the rate of about $25,000 per month by end of 2011. But it started declining in November 2012, down 20%, December down 30%, January down 50% and it looks like for February I may only make about $3000. There is a major change in the industry which has caused this change, I thought I could fix things, now I'm not so sure.
In the terms of the divorce, my ex got about $3,000,000 in property and cash, plus the $10,000 per month from me. I got only $40,000, plus my $300,000 IRA which I cashed in to buy a house here in Romania where I will be living permanently.
At this point, my total net worth is $20,000 (the house had to be in my girlfriend's name, because non-Romanians are not allowed to own property.) So my total net worth at this point is $20,000. Once I pay the Feburary support payment, it will be $10,000.
More than anything, I do want the divorce to go through. I agreed to give my ex everything just to be free of her. I want to file a claim for alimony
reduction, but not sure if I have to wait for the decree to be final to do this.
I will literally be completely broke in about a month.
What are my options?