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.
In other places, alimony ends automatically when the spouse receiving it remarries or begins living with a partner. And in many cases, the termination date for alimony is included in the marital settlement agreement or judgment when the divorce proceedings are finalized.