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 Delaware, a judgment is the final decision made by a judge or jury in a lawsuit. It determines the amount of money that the losing party, known as the judgment debtor, must pay to the winning party, or the judgment creditor. This amount can include the principal sum, interest at a rate specified by law, court costs, and potentially the attorney fees of the judgment creditor if the court deems it appropriate. The interest rate on judgments in Delaware is set by statute and accrues from the date of the judgment until the judgment is fully paid. The judgment also becomes a lien on the debtor's property, which can be enforced through various collection methods, such as garnishment or execution. It is important for judgment debtors to understand their rights and obligations under Delaware law, and they may wish to consult with an attorney for guidance on how to satisfy or challenge a judgment.