Adding Interest To Judgments

Summary

In Will County, IL, post-judgment interest can be added to money judgments at a rate of 9% per year, starting from the date the judgment is entered. This applies even if the defendant was not notified or a formal bill was not issued. However, it is advisable to communicate with the defendant for transparency. Consult a lawyer for personalized advice.

Full Conversation

Can a person add interest to a bench trial judgement on which money is owed? No formal billing was given.
Hello ****, the ability to add interest to a judgment depends on local laws and the terms of the judgment itself. Could you please let me know in which jurisdiction the judgment was given?
Will county IL
In Will County, IL:
- Post-judgment interest can be added to money judgments.
- The rate is *% per year unless specified differently in the contract.
- This starts accruing from the date the judgment is entered.
Please consult with a lawyer for personalized advice.
Even with out defendant knowledge and no formal bill?
Yes, ****. In Illinois, the interest accrues regardless of whether the defendant was notified or a formal bill was issued. However, it's important to communicate with the defendant about the debt for transparency. Consult a lawyer for detailed advice.