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.
There are two types of alimony: 1  Alimony during the wait for the divorce-This is also called alimony pedente lite. 2  Alimony after the divorce-Permanent alimony is payment made by one party to the other after the divorce, either by court order or by mutual agreement. A court can award this type of alimony between the time you file for divorce (and make a request for alimony) and the time the divorce is final. 2  The purpose of this type of alimony is to maintain the status quo during the divorce. 3  It does not necessarily mean that you will be awarded alimony after the divorce.