Prepares arrearage calculations with
interest for past due support obligations
Don't Forget the Interest!!
All too often, an important
component is overlooked in collecting unpaid support
obligations for child support and alimony (spousal
maintenance). That component is the interest which is automatically
earned on every support payment which is not fully paid on time!
Overlooked interest often forms
a substantial part of the total amount due. This is
particularly true in states (like
Kansas) where support payments are first applied to the support
due for the current month, then to unpaid interest, and only then to
unpaid support arrears.
The ArrearsMaster®
program is constantly updated to reflect any changes
in applicable state interest rates. The interest rates
applicable are automatically determined by
the date of the interest assessment (i.e., when the interest needs to
be recalculated due to a payment being made or a support obligation
falling due or other legally determined date, such as the last day of
the month in MO), and by the state designated on the Case Data Page,
using a two digit postal designator (e.g., MO or KS).
$120.00
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