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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 Louisiana, a judgment is the final decision made by a judge or jury at the conclusion of a lawsuit. This decision determines the rights and liabilities of the parties involved. When a judgment is rendered, the losing party, known as the judgment debtor, is typically ordered to pay a certain sum to the winning party, the judgment creditor. The judgment will include the principal amount owed, along with any applicable interest that accrues until the debt is paid. Louisiana law sets the legal interest rate that applies to judgments, which can be found in the Louisiana Revised Statutes. Additionally, the judgment may include court costs and, in some cases, attorney fees if the law or a contract provides for their recovery. Once a judgment is entered, the creditor can take steps to enforce it, such as wage garnishment or seizing assets, if the debtor does not voluntarily pay. It is important to note that there are specific procedures and limitations for enforcing judgments, which are also governed by state law.

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Civil litigation

judgments

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Louisiana State Code

Louisiana State Code

Civil litigation

judgments

Legal articles related to this topic