My question involves child support in the State of: Illinois
My step-daughter graduated high school in June 2011 at age 18. Child support prior to that was 80 weekly for current and 20 for arrears but the order (and the law) are written that once child support ceases upon graduation, all support monies immediately get attributed to the arrears so they should get paid off sooner being paid at essentially 400 a month.
We know there is interest but from the 2 statutes I've found it says child support arrears are taxed at 1/12th of the statutory amount which is 9%. When I do that math it comes out to .75%. (http://codes.lp.findlaw.com/ilstatutes/735/5/XII/12-109 that statute says 1/12 of this statute's rate: http://www.ilga.gov/legislation/ilcs...050K2-1303.htm)
However we cannot understand how they do their math because when she graduated he had approximately 16000-18000 in arrears. The majority is from interest that has accrued while he was only paying 20/wk (80/mo or 960/yr) towards the arrears. He is now at $10000 but considering we pay $400/mo (4800/yr) it should be going down a lot faster than that if interest is only .75%. It seems to be accruing more at the speed of a high rate credit card.
The statutes listed above say that the accrued interest should not be included in the arrears that are calculated monthly so if they aren't basing the math on all that interest, how could he still owe 10k after over 2.5 yrs. We've paid over $12,000 in 2 years.
We've requested a full disbursement record to try and make heads and tails of all of this stuff.
Are we way off on how we are calculating things or what they base it on?