Stimulus check may lead to life of poverty for father behind on year
Posted by: "Chandler Lane"
chandlerorg@yahoo.com chandlerorg
Sun Aug 1, 2010 8:38 am (PDT)
His problem is interest. He says the 9 percent interest penalty on unpaid support effectively prevents him from getting ahead of his debt. Earlier this year, his total owed was listed as $163,582. By paying $435 a month and not counting accumulating interest, Williams would need 376 months, or 31 years, before he would be paid up at age 82.
http://www.bnd.com/2010/08/01/1348826/stimulus-leads-to-life-of-child.html "WHEN THE PEOPLE FEAR THEIR GOVERNMENT, THERE IS TYRANNY, WHEN THE GOVERNMENT FEARS THE PEOPLE, THERE IS LIBERITY"- Thomas Jefferson
"WHEN INJUSTICE BECOMES LAW RESISTANCE BECOMES DUTY"- Thomas Jefferson
"WHEN PEACEFUL REVOLUTION BECOMES IMPOSSIBLE,VIOLENT REVOLUTION BECOMES INEVITABLE" - John F. Kennedy
I am not a Attorney or a Psychiatrist, I do not give either legal or psychiatric advice. All statements made here are my opinions from my personal experience and research and should not be mistaken or misconstrued as advice of any kind.
