Charlie Sheen is seeking to alter his divorce settlement with his ex-wife Brooke Mueller which currently sees him pay her $55,000 (£39,000) a month in child support.
The television star recently sold his profit participation rights to Two And A Half Men for nearly $27m (£19m), a court filing has shown.
But it stated that his income has changed significantly and he cannot afford to continue to pay Mueller the set amount for their twin boys.
Two And A Half Men was once TV's top-rated comedy but Sheen left the show in 2011.
His filing estimates a cut in his monthly income from more than $600,000-a-month down to nearly $167,000 as a result of the sale.
He lists more than $12m (£8.5m) in debts, the majority of which is owed on mortgages, taxes, and legal fees.
The actor disclosed in November that he has HIV, the virus that causes AIDS, but has said he is healthy due to the medication he takes.
His last major project was the FX comedy Anger Management, which aired from 2012 to 2014.
Here is the actor with his brother Emilio Estevez and father Martin Sheen at the premiere Charlie's new movie The Arrival in 1996. The actors have all taken different paths in their acting careers
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