Define: Arrearages

Arrearages
Arrearages
Quick Summary of Arrearages

Arrearages refer to past due or unpaid amounts, typically in the context of financial obligations such as rent, loan payments, child support, or taxes. When a payment becomes overdue or falls behind schedule, it accrues arrearages until the outstanding amount is settled. Arrearages can accumulate interest or penalties over time, increasing the total amount owed. In legal proceedings, arrearages may be subject to enforcement actions, such as wage garnishment, property liens, or court orders for repayment. Resolving arrearages often involves making arrangements to catch up on missed payments and may require negotiation, mediation, or court intervention to establish a repayment plan or address underlying financial issues.

What is the dictionary definition of Arrearages?
Dictionary Definition of Arrearages
Overdue alimony or child support payments. In recent years, state laws have made it difficult to impossible to get rid of arrearages; they can't be discharged in bankruptcy, and courts usually will not retroactively cancel them. A spouse or parent who falls on tough times and is unable to make payments should request a temporary modification of the payments before the arrearages build up.
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This glossary post was last updated: 28th March, 2024.

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