Legal Question in Civil Litigation in Pennsylvania
Judgement
If I was to have a Judgement on my record for a certain sum of money, does this judgement gain interest over a certain period of time, if I do not pay it right away? And if so, who should I call to find out if it does gain this interest?
Asked on 5/15/03, 8:27 am
2 Answers from Attorneys
William Marvin
Cohen, Placitella & Roth, P.C.
Re: Judgement
Ah! An easy question.
Under the Pennsylvania statute, a judgment earns interest at the "legal rate," which is 6%. It's simple interest, not compounded.
Answered on 5/15/03, 8:46 am
Scott Diamond
DIAMONDLAWYER
Re: Judgement
yes. IT is called pst judgment interest. You can find the amount in the court rules. Call the clerks office, they may tell you.
Answered on 5/15/03, 9:40 am
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