Calculation Results
About Post-Judgment Interest
Post-judgment interest is additional interest that accumulates on a court judgment from the date it is entered until it is paid in full. This calculator helps you determine the exact amount of interest that has accrued on your judgment, as well as the total amount owed.
How Post-Judgment Interest Works
When a court issues a money judgment, the debtor is required to pay the specified amount. However, if the judgment is not paid immediately, interest begins to accrue at a rate determined by state law or court order. This interest compensates the judgment creditor for the delay in receiving payment.
Using This Calculator
To use this post-judgment interest calculator, simply enter the judgment amount, the applicable interest rate (either as a percentage like 8.5% or as a decimal like 0.085), and the date when the judgment was entered. The calculator will automatically determine the amount of interest that has accrued as of today's date, as well as the total amount now owed.
Why Calculate Post-Judgment Interest?
Calculating post-judgment interest is important for both creditors and debtors. For creditors, it ensures they receive the full amount they're entitled to under the law. For debtors, understanding the growing obligation can help in planning for payment and avoiding further legal complications.