Q: Will adjudicated arrears accrue interest if a payment plan was created in a modification settlement agreement?
child support arrears were included in a modification settlement agreement and included a payment plan toward the balance. Will the principal amount accrue interest if there is a payment agreement?
A: THAT WOULD DEPEND ON WHETHER THE AGREEMENT PROVIDED FOR INTEREST TO ACCRUE. HOPEFULLY, YOU USED AN ATTORNEY THROUGH THIS PROCESS SO THAT THE NECESSARY LANGUAGE FOR THIS WOULD BE INCLUDED IN THE AGREEMENT. IF SO, YOU SHOULD SPEAK WITH THE ATTORNEY WHO CAN REVIEW THE AGREEMENT WITH YOU TO DETERMINE THE CORRECT INFORMATION FOR YOU.
A: You would need to take a look at your agreement and see what it says regarding interest. If you are still unsure take it to an attorney who can review it for you.
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