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Home / Opinion Digests / Creditor’s Rights – Garnishment Exemption – Interest Payments (access required)

Creditor’s Rights – Garnishment Exemption – Interest Payments (access required)

A Norfolk Circuit Court denies a judgment debtor’s garnishment exemption claim contending that the creditor, Investor’s Financial Services, improperly charged him a higher interest rate than that authorized by Va. Code § 6.1-330.54, and impermissibly charged compound interest on the prejudgment interest judgment obtained against plaintiff on July 11, 2000. Plaintiff maintains he is entitled to ...

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