ABSTRACT
In all three cases, the rate of interest on the judgment debt after judgment will be what is known as the ‘judgment debt rate’, which is currently 8% a year simple (that is, not compound).
Claiming interest on judgment debts If you have to take enforcement proceedings (see Chapter 8) and you want to claim interest on the judgment debt (who wouldn’t?), you have to include the interest claim in your application. You should include details of: ❍ the sum on which you are claiming interest; ❍ the dates from and to which you are claiming; ❍ the rate of interest that applies (that is, 8% simple;
see p 26).
