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 Nebraska, 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 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 applicable. Nebraska law stipulates the rate of post-judgment interest, which accrues on the judgment amount until it is paid in full. The judgment also becomes a lien on the debtor's real estate when it is recorded in the county where the property is located. The judgment creditor can enforce the judgment through various means, such as garnishment or execution, to collect the debt owed. It is important for judgment debtors to be aware of the consequences of a judgment and for judgment creditors to understand their rights and the procedures for collecting the debt.