Can I Receive Interest On My Judgment?

Yes, you can receive interest on your judgment in North Carolina. 

​If a personal injury case cannot be settled, it would go to trial.  At the end of the trial if the injured party wins, there would bill a judgment entered in the court file.  

​The question then arises as to whether the injured party can collect interest on that judgments.  

​The good new is that in North Carolina interest can be collected on the judgment from the date the lawsuit is filed.  

​Unfortunately, North Carolina does not allow interest from the date of the injury giving rise to the personal injury action.  Assume a personal injury victim is injured in a automobile collision which occurred January 1, 2017.  After trying unsuccessfully to settle the case, the injured party files suit on August 1, 2017.  One year later a judgment is entered in favor of the injured party.  When can the injured party begin collecting interest on the judgment which is returned in their personal injury trial.  The answer is that the injured party will collect interest from August 1, 2017 at the rate of 8 percent per year until paid.  Interest does not begin running on January 1, 2017, the date that the injury occurred.  

​Therefore, it is in the best interest of the injured party to file suit as quickly as possible if their claim cannot be settled without filing suit.  In summary, the sooner the lawsuit is filed, the sooner the injured party can begin collecting interest on their judgment.