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The lawyer doesn't charge interest on a judgment.
Once the creditor wins a lawsuit and the court issues a judgment lien, the creditor is legally entitled to interest from the time the judgment is issued until it is paid. The debt can grow quickly. In Massachusetts the interest rate is 12%.
What else can I help you with?
Can you charge interest when suing your exhusband for bank child support?
You may ask the court to award a judgment for interest.
Can a lawyer garnish your wages after the creditor has written it off as a charge off?
Absolutely, but he must obtain a judgment first.
Can defendant be kin to judge and lawyer?
The defendant can be kin to the lawyer, but a judge would probably have to recuse himself. Which means he can't sit in judgment because of interest or bias.
Can a non lawyer own a law firm?
No. "A lawyer may not practice in a legal corporation if a nonlawyer has an interest in the corporation as a shareholder, officer, or director. However, a fiduciary representative of the estate of a lawyer may hold the stock or interest of the lawyer for a reasonable time during administration. Also, a lawyer may not participate in such a practice if her professional judgment is subject to the direction or control of a nonlawyer." -Rules of Professional Conduct, 5.4(d)
What are some examples of conflicts of interest that a lawyer may face in their practice?
Conflicts of interest that a lawyer may face include representing clients with conflicting interests, having personal relationships with clients that could affect judgment, or having financial interests that conflict with a client's best interests.
Can a bank double the amount of a judgment?
The bank, as judgment creditor, cannot change the principle judgment amount. They can, however, add attorney fees and interest as allowed by the law of your state. Contact a lawyer or legal services firm in your area for specific info on your state's laws.
Who do you contact after getting a judgment against you?
your lawyer
Why would a lawyer motion to withdraw as counsel and say that further representation may create the appearance of an impropriety at the least if not an actual conflict of interest for myself?
There can be many reasons. If, for example, your lawyer had other clients who had the same or a similar claim as yours against the same defendant and there was concern upon acquiring a judgment as to the sufficiency of assets owned by the defendant, the lawyer could not take further action to collect or execute upon the judgment without prejudicing the other client. Likewise, if the other client wanted the lawyer to chase his judgment or perhaps to file a bankruptcy, the lawyer could not do so without prejudicing your interests. In such a case the lawyer might have to withdraw due to conflict of interest.
May a finance company charge finance charges after a judgment has been made?
Yes. After a judgment has been made, the defendant(s) have a specific period of time to meet the financial terms of the judgment. If they do not, the plaintiffs may collect a fair interest rate on the judgment until the monies are paid.
Why does a lawyer job interest you?
being a lawyer might interest you because of their money or just because you might be interested in becoming a lawyer .
Can lawyer representing a creditor drop the interest on a judgment without creditors permission?
Sometimes. It depends on the contract with the lawyer and what his powers of representation entail. Usually he/she will have certain "powers of attorney" implied in the position as your representative. Negotiating terms of payment and specific interest is usually discussed with a client before any action is taken.
Can a judgment get interest applied to it?
Yes it can. Usually in the judgment itself it will state the interest rate wich applies.
