It’s not easy being an out-of-work father of four with child support payments to make. It’s even harder when you’re accustomed to a seven-figure income and your payments are substantial portions of that salary.
That’s the predicament NFL wide receiver Terrell Owens faces. Since being injured and subsequently dropped from the Cincinnati Bengals, his current monthly income, he says, is “zero.”
But being unemployed doesn’t put an end to his financial obligations. He has four children with four different women and is currently in negotiations with three of them to lower his child support payments. Currently those payments range from $11,000 to $15,000 a month. The payment he’s not contesting is a mere $5,000 a month. The payments add up to almost $30,000.
According to court documents, T.O. also pays mortgages for several different properties, and he says that his Georgia home is in foreclosure. S2S magazine reports he’s willing to sell all but two of the properties.
Owens’ case is rather extreme in comparison to the average child support case. Most of us don’t have his assets or his former salary. But there are variables in every child support case that can make the process of determining and paying child support complicated. In the state of Georgia, there’s no standard dollar amount or figure that determines what one parent will pay the other to cover expenses such as child care, health insurance and the daily cost of living. The judge is a big part of this decision.
Having an attorney with a specialty and experience in family law can make the process easier, and help you and your children’s other parent avoid the type of trouble that Owens now faces.
Source: s2s magazine, “Terrell Owens in financial crisis,” Sonja Eskridge, Nov. 8, 2011