Legal Question in Credit and Debt Law in Florida
Judgment Lien
We won in small claims court and have filed a judgment lien in the state and county of the defendant. I have two questions. Is the statutory interest rate compounded monthly? Do we only accept payment in full or is it feasible to attempt a payment plan from the defendant?
Asked on 5/13/09, 12:14 pm
1 Answer from Attorneys
Angelo Marino
Angelo Marino Jr. PA
Re: Judgment Lien
Interest is not compounded and it is always good to work out a deal for payment if you can. Made it a promissory note.
Answered on 5/13/09, 4:45 pm