The judgment is final decision made by the judge or jury that reflects how much the party who lost the lawsuit (the judgment debtor) owes the party who won the lawsuit (the judgment creditor)—including the rate of interest owed on the amount of the judgment until it is paid, the amount of court costs, and possibly the amount of the judgment creditor’s attorney fees the judgment debtor must pay as part of the judgment.
In Arizona, a judgment is the final decision made by a judge or jury at the conclusion of a lawsuit. It specifies the amount of money that the losing party (the judgment debtor) must pay to the winning party (the judgment creditor). Arizona law allows for the accrual of interest on the judgment amount from the time the judgment is entered until it is paid. The legal rate of interest on judgments is generally set by statute, which can change, so it is important to refer to the current statute for the applicable rate. Additionally, the judgment may include court costs and, in some cases, attorney fees if the law or the parties' contract allows for the recovery of such fees. The judgment is enforceable through various means, such as wage garnishment, bank account levies, or liens on property. The judgment creditor is responsible for taking steps to collect on the judgment, and there are specific procedures and time limits for doing so under Arizona law.