Legal Question in Business Law in Louisiana

Judgement default

I am being sued by another professional and looks like I may have to settle, or lose my case if it goes to court. I am being sued for unjust compensation (what a joke)! and have been told that the judges in this area will most likely agree with the lawsuit. I don't have the money to pay what I expect to be the outcome. What constitutes a default on a judgment if I have no choice but to pay what I can each month in lieu of paying the lump sum. What judgement interest will apply? Thank you in advance for your reply.


Asked on 3/13/07, 8:55 pm

1 Answer from Attorneys
Johm Smith tom's

Re: Judgement default

The 2007 judicial interest rate in LA is 9.5%. A default judgment is granted when the defendant fails to take a necessary step towards defending themself and loses the case as a result. You can pay a judgment off over time, but judicial interest applies.

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Answered on 3/13/07, 11:46 pm


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