Garnishment of Wages

[WantPeace]

What is the name of your state (only U.S. law)? Colorado

Hi. I hold a Civil Court judgment in the amount of $4,178.00. The judgment was filed on April 4, 2006. This judgment is against a woman who failed to pay rent for two months, forced me to evict her, and then left the building in shambles. Just recently I found out where she works. She works at 2 different places in town. I am in the midst of the paperwork to garnish her wages.
She has failed to make any payments as of today (June 29, 2009). I am aware that I can charge interest of 8% per annum. I have added the interest for April 4, 2006 - April 4, 2009 ($334.24).

My first question is am I able to add interest for April 5, 2009 - now? If so, how do I calculate the remaining interest, and for what dates?

I am concerned that she may be payed "under the table". So my second question is, if matter of fact, how would this affect me, the debtor, and the business?

[swrdmbo]

In order to do it correctly, the interest should be calculated monthly..ie if the amount was 5000 (to make it easy) the first month AFTER the judgment the interest would be $33.33, so then the next month would be 5033.33 plus interest which would be 34.71The third month it would be 8% annually of the
5,068.01 and you would continue to compound this for the total of months , starting with the 39 months since the judgment.

You can continue to add the monthly interest but remember you will have to use the figure she owes (if she has made payment) to figure the interest.

You do not have to file a satisfaction of judgment until she pays in full.

If she is working under the table,the company you garnish may not admit she is employed there. Unless you can prove differently you may be screwed.Good luck