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A deficiency judgment is a court judgment that is a public record of the amount owed and by whom. In many states, items included in calculating the amount of a deficiency judgment include: the loan principal, accrued interest and attorney fees, less the amount the lender bid at the foreclosure sale. [3]
The judgment creditor may also seek to execute the money judgment against intangible property, such as bank accounts, accounts receivable, and other debts owed to the judgment debtor by third parties. The creditor must request that the clerk of the court who issued the fi fa follow this up by issuing a "summons in garnishment" directed against ...
Amount in controversy (sometimes called jurisdictional amount) is a term used in civil procedure to denote the amount at stake in a lawsuit, in particular in connection with a requirement that persons seeking to bring a lawsuit in a particular court must be suing for a certain minimum amount (or below a certain maximum amount) before that court may hear the case.
The total February fraud judgment of more than $464 million against all the defendants has now grown to more than $489 million with interest, which accrues at a rate of 9% per year. Reducing Trump ...
The personal interests schema is regarded as the least developmentally advanced level of moral reasoning. In operating primarily at the Personal Interests level, the respondent takes into consideration what the protagonist of the story, or those close to the protagonist, has to gain or lose.
For example, if you take out a five-year loan for $20,000 and the interest rate on the loan is 5 percent, the simple interest formula would be $20,000 x .05 x 5 = $5,000 in interest. Who benefits ...
Usually lower statutory interest rates apply under the County Court (Interest on Judgment Debts) Order 1991, but this it excluded judgment debts on consumer credit agreements under the Consumer Credit Act 1974. So the bank wanted condition 8 to get the money it would have in interest even after someone had been unable to pay.
The average savings account annual percentage yield in April 2023 is only 0.39%. This number includes low interest rates from traditional banks as well as higher savings rates from online banks and...