[WSBARP] Partial Satisfaction of Judgment

[Andrew Hay]

You apply payments to interest first, then principal reduction.  I believe we have discussed it in more detail on this list serve before.  If the debtor attempts to specify how the payment is made, that creates problems.  But if not, then the payment is simply applied first to interest, then to principal.

Andrew Hay
Hay & Swann PLLC
201 South 34th Street
Tacoma, WA  98418
Phone: (253) 272-2400
Fax:     (253) 267-8947
www.washingtonlaw.net
 
 
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-----Original Message-----
From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Paul Neumiller
Sent: Thursday, November 08, 2018 11:29 AM
To: wsbarp at lists.wsbarppt.com
Subject: [WSBARP] Partial Satisfaction of Judgment

Listmates, a little litigator help would be appreciated here.  I won a monetary judgment on behalf of a client.  Judgment Debtor has delivered a check to me as a partial payment, wants me to prepare the partial satisfaction of judgement, and wants me to tell them the balance due.  Is there any guidance on how to apply the payment?  Twelve percent interest is owed on the judgment so can I apply the payment to accrued interest first and then to principal reduction?  Thanks for your assistance.  -Paul Neumiller