Legal Question in Civil Litigation in Illinois
charging interst on judgement
were do I find out if I can charge intrest on the judgement I have.What percent can I charge? thanks..
Asked on 2/15/06, 11:35 pm
2 Answers from Attorneys
David Jenkins
Barone & Jenkins, P.C.
Re: charging interst on judgement
Post-judgment interest accrues at 9% per annum (per year). It is simple interest and is not compounded. See 735 ILCS 5/2-1303.
Answered on 2/17/06, 5:48 pm
Kevin Plachta
The Law Office of Kevin F. Plachta
Re: charging interst on judgement
All judgments in Illinois earn interest at 9percent per year
Answered on 2/17/06, 5:58 pm