Understanding How Child-Support Arrears Reached $18 Billion in California.” The American Economic Review 94(2 - Sorensen () Citation Context ...particular, public assistance debt owed to states) suggests that traditional collection and enforcement policies may not be adequate, and that much of ...
that use the Melson formula calculate child support payment based on a specific set of parameters known as the “Melson Factors.” Some of the considerations included in this model are the income of both parents, the needs of the child, the standard of living adjustment for the child or ...
The court can send debtors to jail for unpaid child support in some cases. Child support arrears cases become a federal court issue when the amount owed exceeds $5,000 and/or the payments are more than a year overdue. This type of debt is otherwise handled by state and local courts.4 T...
Chapter 13 is a type of bankruptcy proceeding in which debtors agree to areorganizationof their financial obligations under the supervision of a court. Individuals and married couples, even if self-employed or operating an unincorporated business, are eligible to file for Chapter 13 bankruptcy.1Here...
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Bankruptcies remain on your business credit report the longest—up to nine years and nine months. Overdue child support payments can stay on your credit report for seven years.9 10 If you are struggling to improve your credit history, acredit repair companymay be able to help. They can often...
debtors must have a regular income to propose a feasible plan that outlines how they will pay off creditors over time. This type of bankruptcy is particularly useful for individuals who are behind on mortgage or car payments, as it enables them to catch up on arrears and avoid foreclosure or...