Legal Question in Credit and Debt Law in Pennsylvania

Ihave a civil judgment against me for 11,800. I'm trying to make good on it but the bank tells me I owe more due to interest. Can interest still accure after a judgment has been rendered


Asked on 9/22/09, 5:51 pm

2 Answers from Attorneys
Daniel Silverman Alan H. Schorr & Associates

Yes. The law provides for post-judgment interest.

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Answered on 9/28/09, 9:24 am
Matthew Nahrgang Nahrgang & Associates, P.C.

Yes, post judgment interest is allowed at the rate of 6% per year.

You have 2 options, negotiate or consider a bankruptcy. A Chapter 13 allows you to repay the debt over 3 or 5 years with no more interest or late charges. A Chapter 7 will eliminate the debt and any others you have with limited exceptions.

I trust this answers your question but feel free to call or e-mail on a free initial basis.

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Answered on 9/28/09, 5:24 pm


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