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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 Wisconsin, a judgment is the final decision made by a judge or jury at the conclusion of a lawsuit. It specifies 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, as well as any interest that accrues at a rate specified by state law until the judgment is paid in full. Additionally, the judgment may include court costs and, in some cases, attorney fees if the law or a contract between the parties allows for such recovery. Wisconsin Statutes provide the legal framework for the enforcement of judgments, including how interest is calculated and the procedures for collecting the judgment. The judgment creditor has various legal tools at their disposal to collect the debt, such as wage garnishment, property liens, and bank account levies. It's important to note that there are also exemptions and protections in place for judgment debtors, which may limit the ability of creditors to collect on certain assets.

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Civil litigation

judgments

As a LegalFix Member You Will Be an Important Client of Local Law Firms

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Wisconsin State Code

Wisconsin State Code

Civil litigation

judgments

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