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Civil litigation

judgments

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 Florida, a final judgment is the conclusive decision of a court resolving a legal dispute between parties and determining the rights and obligations of those parties. The judgment outlines the amount of money the losing party (judgment debtor) must pay to the winning party (judgment creditor). This amount can include the principal sum, interest accrued at the statutory rate set by Florida law from the date of the judgment until it is paid in full, court costs, and in some cases, attorney fees if provided by statute or contract. The statutory rate of interest for judgments in Florida is set by Section 55.03 of the Florida Statutes and can change annually. The judgment is enforceable for a period of 20 years from the date it is rendered, as per Section 95.11 of the Florida Statutes. If the judgment debtor fails to pay the judgment, the judgment creditor has several options for collection, including wage garnishment, bank account garnishment, and placing liens on property.

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Civil litigation

judgments

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Civil litigation

judgments

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