Petition for Termination of Payment Upon Arrearages, is an official form from the Alabama Administrative Office of Courts, which complies with all applicable laws and statutes. USLF amends and updates the forms as is required by Alabama statutes and law.
Alabama Petition For Termination Upon Payment of Arrearages
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FAQ
Arrears refers to payments that are overdue and that are supposed to be made at the end of a given period after missing out on the required payments. Total arrears equals the sum of all the payments that have accumulated over time since the first payment was due.
An amount on a loan, cumulative preferred stock or any credit instrument that is overdue. Arrearage is also referred to as "arrears".
Noun. the state or condition of being in arrears. Often arrearages. arrears; amount or amounts overdue.
A child support arrearage is when there is a child support order and the obligor does not pay all or a portion of the amount ordered.