• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

Preparing to garnish wages on judgement

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.

B

buffybond

Guest
YOUR STATE NAME - Washington State

I have a small claims court judgement, and unfortunately all agreements on payments by the defandant have not been met and I have continually been lied to. I am preparing to garnish his wages at his work and need to know how much interest I am allowed to charge by law, and how to figure it. :confused:
 


JETX

Senior Member
The applicable interest should be spelled out in your judgment (WA state has a statutory judgment interest of 12%).

As to how to calculate it, I suggest you do a search on google for "interest calculations" to see the formulas. You can use compound but it is a fairly complex formula (if you use this, I suggest doing a web search for the formula). Simple is just that... simple. Total amount X interest rate / 365 = daily interest. Multiply daily interest times number of days from judgment to payment.
 

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential
data-ad-format="auto">
Top