What happens when your divorce agreement requires you to pay more in spousal support than you make in a year? You seek a modification of the agreement from the court. That's just what the Los Angeles Dodgers' owner, Frank McCourt, has done.
NFL players aren't the only ones on pins and needles about the current labor dispute with NFL owners. Some ex-wives of NFL players are also worried that the National Football League team owners and the representing unions will stay deadlocked too long in the labor spat. If labor negotiations aren't resolved soon, athletes won't get paid in September -- and some players' ex-wives may not get their alimony payments on time.
If members of the National Basketball Association get locked out from their jobs in June, reduced pro-ball incomes will be a harsh reality until the unions and team owners come to terms. Mindful of fragile big-money budgets, players' agents and lawyers are persuading their clients to seek court order modifications.
Finances are some of the most hotly debated issues in any divorce. Whether a couple is wealthy and famous or pinching pennies to make the mortgage payment, finances frequently give rise to emotional disputes in divorce proceedings. Sometimes, these financial arguments even occur after a divorce settlement has been finalized.