Your lenders might also agree to freeze interest and charges on your debts. If your debt management plan is agreed, you'll start making these new, lower repayments, but over a longer period of time than you originally agreed with your lenders. Click here to see how a debt management plan is set up. debt management plan will damage your credit rating for up to six years-because you'll be making lower payments to your lenders than you agreed to originally. If your lenders agree to freeze interest and charges on your debts, it could reduce the amount of time it takes to repay them.
For example, in a 10 1/2 year marriage, the court could set alimony for half the duration of the marriage and then, at the halfway point, put alimony at zero unless the supported spouse comes into court before that date, seeks and has a hearing on continuation of alimony.
Your ability to have alimony changed depends on what type of alimony was awarded in the first place. In some states, alimony is called spousal maintenance or spousal support. There are four basic kinds of alimony: 1  Temporary alimony.2  This is meant to provide support during the divorce action. But in some states, temporary alimony can be ended if the receiving spouse remarries. 2  Rehabilitative alimony. 3  This is given to help a dependent spouse become self-supporting. 4  It might last long enough for the spouse to get a job, learn a new job skill, or complete their education.