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 Mississippi, a judgment is the final decision made by a judge or jury in a lawsuit. It determines the amount of money the losing party (judgment debtor) must pay to the winning party (judgment creditor). The judgment will include the principal amount owed, as well as any interest that accrues on that amount until it is paid. The rate of interest is set by Mississippi law and may vary depending on whether the judgment is based on a written contract or other factors. Additionally, the judgment may include court costs and, in some cases, attorney fees if the court finds it appropriate or if a contract or statute provides for the recovery of such fees. Once entered, the judgment is enforceable, and the judgment creditor can take steps to collect the debt, which may include wage garnishment, bank account levies, or placing liens on property.