Child Support: The Compound-Interest Debt That (Almost) Never Goes Away
By Douglas A. Turner, Esq. • May 10th, 2007 • Category: Child Support CollectionChild Support Collection in Colorado
Question: If a parent owes $250.00 per month in child support and does not pay for 17 years, how much is owed at the end of 17 years?
Answer: In Colorado, about $175,000.00.
The issue of unpaid child support and unsupported children is an important issue in the United States. Over [...]