Legal Question in Credit and Debt Law in New Jersey
Is there interest accruing on a Judgment?
If I have a judgement made against me for $13,000, will interest acrue on that until time of payment?
Asked on 7/30/02, 11:06 am
1 Answer from Attorneys
Stuart G. Brecher
Law Offices of Stuart G. Brecher, LLC
Re: Is there interest accruing on a Judgment?
Yes, interest will continue to accrue on a New Jersey state court judgment or the outstanding balance thereof. The rates can change from one year to the next and are governed by the New Jersey Rules of Court. Post judgment interest also accrues on federal judgments entered in New Jersey.
Answered on 7/30/02, 11:26 am