Certification of Decreased Income
Certification of Decreased Income
A Certification of Decreased Income provides information about a significant decrease in a party’s income in an alimony case. The certification includes details about the reason for the decreased income, such as job loss, reduction in work hours, or a decline in business revenue, and the expected duration of the decrease. The certification may also include information about the impact of the decreased income on the party’s overall financial situation and their ability to pay alimony or meet their own financial needs. The purpose of the certification is to support a request for a decrease in alimony based on the party’s reduced ability to pay, or to request an increase in alimony based on the party’s increased financial need. The court may consider the information provided in the certification when determining the appropriate amount and duration of alimony, taking into account factors such as the reason for the decreased income, the party’s efforts to mitigate the financial impact, and the other party’s ability to provide support. The certification may be accompanied by supporting documentation, such as termination notices, pay stubs, or financial statements, to verify the accuracy of the information provided.