Legal Question in Credit and Debt Law in Louisiana

Post Judgment Interest

I am currently having my wages garnished for a judgment for a real estate trasnaction in Lousiana. Since the judgment I was living in Georgia. The individual domesticated the judgment over to Georgia and he was able to place a lien on my home. The amount of the judgment was for $23,000. I have paid him nearly $18,000 to-date via wage garnishment. When I reached $23,000 the garnishment will terminate. Can the individual come back and garnish wages for the post judgment interest? Is post-judgment interest reported on my credit file? Lastly, when I reach the $23,000 amount will that release me fro mthe judgment so that I may have the lien removed from my house? I now live in Florida but still own the home in Geogia. I am a Florida resident now and active duty military for at least two more years before I retire.


Asked on 3/07/09, 3:24 pm

1 Answer from Attorneys
Raymond LaBella LaBella Law, P.L.

Re: Post Judgment Interest

Post judgment interest, under Florida law, is based upon the language used in the judgment itself. Generally, Florida Statutes Chapter 55 deal will post-judgment interest, which I think is still 11% for this year. The garnishment would continue until the debt is paid in full (principle plus post-judgment interest).

Your problem, though, is that this judgment is not governed by Florida law. It is a Louisiana judgment. It would governed by Louisiana law, which I am not familiar with. The garnishment itself is a Georgia court order, and would be governed by Georgia law, with which I am also unfamiliar. You should consult an attorney licensed in Louisiana about the interest and Georgia about the garnishment.

On the flip-side though, the post-judgment interest is not reported on your credit bureau report.

Sorry I couldn't be of more help. Best of luck to you.

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Answered on 3/11/09, 11:40 am


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