Issues regarding settlement of child support payments are often critical during child custody trials. However, it is not uncommon for attorneys to falter while calculating child support. According to several experienced lawyers, any child support installment that remains unpaid accrues a simple interest at the rate of 10 percent per annum in California. This interest is calculated from the day the installment has been due or from the day the judgment has been entered.
According to a study conducted in California, the child support arrears have steadily increased in this region. During the federal fiscal year 2001, these arrears were estimated to be around $17 billion, which is 20 percent of the entire nationís child support arrears. According to this report, a relatively small number of debtors owe huge amount of arrears. Almost seventy percent of these arrears are owed to the government in the form of TANF-debt. Only thirty percent of these arrears are owed to the families. The study has found that one-fifth of the people having child support arrears debt are residing outside the state. Hence, it becomes more difficult to collect debts from these persons.
Most common explanations that have been given by many of the debtors who have been unable to pay their arrears are low earnings and huge debts. As per this study, many of the debtors are parents who have supported their children for the past two and half years. In case of child support arrears, interest accumulates on daily basis. Every singly installment that is due needs to be calculated separately. There are several agencies in California that assist parents with the complex calculations involved in determining the interest amount accumulated on their past dues. These agencies also help in the collection of these debts.
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Child Custody Coach supplies information, written materials, online materials, and coaching services to parents in the field of child custody, namely, divorce, child custody and visitation, divorce, child custody evaluations, parenting, and all child custody related issues. Custody Match is an online consumer and family law attorney matching service to help consumers find the right family law attorney, divorce lawyer, or child custody attorney in their area.