This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Cost Of Delay in Indiana

In Indiana, the cost of delay in a judgment is set by statute at 8% simple interest per year. This rate is prescribed by Ind. Code § 24-4.6-1-101, which governs the interest that accrues on a money judgment until it is paid. The 8% figure is a fixed, non-variable rate applied to the total amount of the judgment. The statute sets out the method for calculating the accrual of this interest, and the official source provides the exact details of the rule. A worked example below demonstrates how the 8% rate applies over a given period. Use the calculator to estimate the interest on a specific judgment amount.

Governing authority

In Indiana, the cost of delay rule is set by Ind. Code § 24-4.6-1-101. The verified packet cites Ind. Code § 24-4.6-1-101 (https://iga.in.gov/legislative/laws/2023/ic/titles/24/).

Indiana cost of delay: the verified value is 8% under Ind. Code § 24-4.6-1-101. The verified packet cites Ind. Code § 24-4.6-1-101 (https://iga.in.gov/legislative/laws/2023/ic/titles/24/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the cost of delay calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.