Las Vegas Sun

February 12, 2012

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Court: Man should get chance at lowered child support

Monday, Feb. 8, 2010 | 2:06 p.m.

CARSON CITY – A man who once earned between $500,000 and $4 million a year in the stock market should have a chance to get his child support payments reduced now that the economy has soured and his earnings have declined, a court has ruled.

The Nevada Supreme Court ruled that Anthony Fernandez should be given a hearing in district court in Las Vegas in his effort to modify his child support payments, which were an annual $80,000 a year in his high-earning years.

Fernandez and his former wife, Jennifer Rothman, had two children before their divorce. They agreed that neither would seek a modification of the child support agreement.

But when the stock market tanked, Fernandez ended up earning $3,000 a month selling cars.

His ex-wife’s financial condition has improved with her gross monthly income either equaling or outmatching his, Fernandez argues.

District Court Judge Cheryl Moss denied the petition of the father to modify the support payments. The Supreme Court said it doesn't make any finding that the support payments should be reduced -- only that Fernandez should have another hearing on whether the support should be lowered.

Justice Kristina Pickering wrote in the unanimous opinion of the court panel, “Although parents often stipulate to an appropriate child support order, even agreed-upon child support orders must be calculated and reviewed…”

“The child’s best interest is not served by perpetuating a support order that the obligor parent’s changed circumstances may make unreasonable,’’ Pickering said.

The father remarried and is either divorced or separated and has a new child to support. The mother has also remarried and has a stepson to support. But her income equals that of the father, taking into account the earning of her new husband.

In his banner years as a day trader in the late 1990, Fernandez earned an annual $500,000 up to $4 million in 2001. He then started to lose heavily in the market and by 2007 he was selling cars and petitioning that his child support be modified.

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