ArrearsMaster® Updated for Consolidated Judgments

Work is underway to include automatic calculation of Consolidated Judgments in ArrearsMaster®. The consolidated judgment concept (whether known by that name or not) is available in many states, and simply refers to the reduction to a single judgment of all accrued support arrears and interest through a certain date. The new consolidated judgment then continues to accrue interest until finally paid. It represents the only method of collecting a type of “quasi-compound interest” (interest on interest) in those states which mandate the application of simple interest rates to support arrears. Each consolidated judgment includes the remaining unpaid balance on any prior consolidated judgments.

In Texas, the calculation of support arrears, interest and consolidated judgment balances is made more complex because payments in excess of the current monthly support obligation are applied in a specific order (an order that was changed for payments received after 2010).

Inclusion of a new consolidated judgment category allows the automatic calculation of arrears, interest and consolidated judgment balances regardless of when the payment was received.

About Brad Short

CEO : Bradley Software; Of Counsel at Short, Borth & Thilges, Attorneys at Law, LLC, Overland Park, Kansas. Born Birmingham, Alabama, December 27, 1941; admitted to bar,1966, Kansas and U.S. District Court, District of Kansas; 1975, U.S. Court of Appeals, Tenth Circuit; 1976, U.S. Supreme Court. Education: University of Colorado (B.A., 1963; J.D., 1966). Contributing Author, Practitioner's Guide to Kansas Family Law, Kansas Bar Association, 1997. Listed in: The Best Lawyers in America, Family Law, every year from 1987 through 2013. Member, Technology Advisory Committee, Kansas Judicial Council, 1991-1998. Member: Bourbon County, 1966-1977 (President, 1970-1971), Johnson County (Member: Ethics and Grievance Committee, 1984-1998; Family Law Bench/Bar Committee, 1984-), Kansas and American (Vice-Chair, Solo Practitioners and Small Firms Committee, Economics of Law Practice Section, 1984-1985) Bar Associations; Kansas Trial Lawyers Association, 1974-1984 (State Treasurer, 1975-76; Member, Board of Governors, 1974-1984). Fellow, American Academy of Matrimonial Lawyers, 1994-2013 . Practice areas: Family Law.
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