Washington Motion for Interest on an Affirmed Judgment of a Federal District Court

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US-03268BG
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28 U.S.C.A. § 1961 provides in part that interest shall be allowed on any money judgment in a civil case recovered in a district court. Such interest would continue to accrue throughout an appeal that was later affirmed.

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FAQ

Post-judgment interest rate: 10.10% (the amount of post judgment interest is set by Rule 36.7 of the Uniform Civil Procedure Rules 2005).

If the party has appeared before the motion is filed, the party may respond to the pleading or otherwise defend at any time before the hearing on the motion. If the party has not appeared before the motion is filed the party may not respond to the pleading nor otherwise defend without leave of court.

Interest accrues on an unpaid judgment amount at the legal rate of 10% per year (7% if the judgment debtor is a state or local government entity) generally from the date of entry of the judgment.

HOW TO CALCULATE POST JUDGMENT INTEREST Take your judgment amount and multiply it by your post judgment rate (%). Take the total and divide it by 365 (the number of days in a year). You will end up with the amount of post judgment interest per day.

The rate of interest used in calculating the amount of post-judgment interest is the weekly average 1-year constant maturity (nominal) Treasury yield, as published by the Federal Reserve System each Monday for the preceding week (unless that day is a holiday in which case the rate is published on the next business day) ...

ABA, Calculation of Prejudgment Interest on Past Losses in Business Litigation. For example, the California Constitution applies a general the rate of interest at 7% per annum, and in Palomar Grading & Paving, Inc.

Example: Judgment of $2000; interest rate of 6% per year; 280 days since the date the small claims petition was filed. $2000 x .06 = $120 annual interest. $120/365 = $.329 per day. $. 329 x 280 days = $92.05 interest owed.

(5) Except as provided under subsection (1) of this section, judgments for unpaid consumer debt, as defined in RCW 6.01. 060, shall bear interest from the date of entry at a rate of nine percent.

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Washington Motion for Interest on an Affirmed Judgment of a Federal District Court