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 Vermont

In Vermont, the cost of delay in civil litigation is governed by 9 V.S.A. § 8101, which sets the prejudgment interest rate at 6%. This statute applies to actions seeking monetary damages, requiring the court to add interest from the date the cause of action accrues until judgment is entered. The rule does not impose a simple formula on its face; instead, it directs the calculation of interest at the specified rate on the principal amount awarded. The statute also provides exceptions and factors that may affect the application of the rate. The worked example below demonstrates how the 6% figure is applied under the statute. To estimate the cost of delay for a specific case, use the DocketMath calculator with the official source for exact statutory details.

Governing authority

In Vermont, the cost of delay rule is set by 9 V.S.A. § 8101. The verified packet cites 9 V.S.A. § 8101 (https://law.justia.com/codes/vermont/2019/title-9/chapter-81/section-8101).

Vermont cost of delay: the verified value is 6% under 9 V.S.A. § 8101. The verified packet cites 9 V.S.A. § 8101 (https://law.justia.com/codes/vermont/2019/title-9/chapter-81/section-8101).

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.