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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 Georgia, a judgment is the final decision made by a judge or jury in a lawsuit. It determines the amount of money the losing party, known as the judgment debtor, must pay to the winning party, or judgment creditor. This amount can include the principal sum, interest at a rate specified by state law, court costs, and potentially the attorney fees of the judgment creditor if such fees are recoverable under statute or contract. Once entered, a judgment in Georgia typically remains enforceable for seven years and can be renewed for additional seven-year periods. The interest rate on judgments in Georgia is generally set by statute and is subject to change. As of the knowledge cutoff in 2023, the legal rate of interest on judgments in Georgia is 7% per annum when the rate is not established by written contract. If the parties have a written contract specifying a different rate, that rate may apply, but it cannot exceed the maximum rate allowed by Georgia usury laws.

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Civil litigation

judgments

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Civil litigation

judgments