There are many issues that can affect the rich and famous the same way it can everyday working Americans. One of these issues is child support. Rhode Island residents may remember Evander Holyfield for being the only boxer to ever be a four-time World Heavyweight Champion. However, recent financial problems may have him being remembered for failing to pay child support for his 11 children.
Despite earning nearly $255 million over the course of his professional boxing career, Evander Holyfield has severe financial problems. He was forced out of his Georgia mansion in order to satisfy approximately $14 million in debt on the home. He has had to sell memorabilia and keepsakes to satisfy other various debts. It may come as no surprise that the former heavyweight champion is also having trouble paying his child support.
As of last September, Holyfield owed over $563,000 in back child support. He made one payment of $17,700, but failed to make monthly payments after that. Holyfield's checks have been garnished, but he still owes over $300,000 in back child support. A Georgia judge has allowed the Division of Child Support Services to begin the process that would result in the former boxer's license being revoked, if he does not make payments soon.
When one fails to make child support payments, there are various penalties that can be enforced. In addition to wage garnishment, delinquent payments can result in license suspension and even prison time. One must be proactive if they know their financial situation will be changing due to a loss of job or emergency.
Legal professional are available to assist Rhode Island residents facing issues with child support. If one is attempting to receive payments or is having trouble making payments, there are individuals available to assist and help ease the strain that child support can bring.
Source: The Christian Post, "Evander Holyfield's License Revoked? Boxer Owes $300,000 in Child Support", May 31, 2013