10-28-2009, 07:49 PM
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| Senior Member | | Join Date: Dec 2007 Location: Thebes
Posts: 6,108
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Quote:
Originally Posted by waiting lady  What is the name of your state (only U.S. law)? New Jersey
I received a judgment and I am now requesting a wage execution but need the interest rate. When I called the court that I filed through no one there knows what the interest is. I have called different law offices and no one seems to know. It seems the court that is handling this should know the interest rate.... not. PLEASE help. I need the %. DO I multiply the % and $$ amount to get my final for now? Does it increase while I wait for the wage execution to start? | Quote:
600.6013 Interest on money judgment.
Sec. 6013.
(1) Interest is allowed on a money judgment recovered in a civil action, as provided in this section. However, for complaints filed on or after October 1, 1986, interest is not allowed on future damages from the date of filing the complaint to the date of entry of the judgment. As used in this subsection, "future damages" means that term as defined in section 6301.
(2) For complaints filed before June 1, 1980, in an action involving other than a written instrument having a rate of interest exceeding 6% per year, the interest on the judgment is calculated from the date of filing the complaint to June 1, 1980, at the rate of 6% per year and on and after June 1, 1980, to the date of satisfaction of the judgment at the rate of 12% per year compounded annually.
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