Child Support Laws-What Every Parent Should Know About Child Support Guidelines | Child Joint Custody

Prior to the enactment of the current child support laws and child support guidelines as a consequence the amount of child support to be paid was decided by the courts.

The Judge, in determining the child support amount, looked at two principal factors:

1)      The ability of the parent to pay

2)      The needs of the child

The major problems arising from this approach to child support payments was inconsistency. Different judges awarded very differing amounts and this led to a number of problems.

Principal among these was the lack of urgency in parents in reaching an agreement as to child support as they felt it was worth their while taking their chances in court.

In addition this led to serious inconsistency of child support orders and a lack of respect with the result that the parent who should be paying simply was not.

via childjointcustody.com

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Quote
There are some lessons that should have been learnt from the 1996 property bubble and the link between the bubble and the effects Asian financial crisis that came shortly after that housing bubble.
Many Asian countries appeared to have learnt from that episode to keep bank lending in real-estate market low. If the lessons from 1996 have faded, there were reminders from the recent subprime crisis in the USA and what happened in Ireland.
Many Asian countries appeared to learnt the lessons well to contain the risks to financial system...but there are exceptions.
Unquote


Guess which country is the exception? It is quite close to home ... actually it is home! Read Lucky Tan's blog in SGEP
http://singaporemind.blogspot.com/2010/12/consequences-of-govt-inaction-in.html