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.

Reverse Interest in West Virginia

In West Virginia, the statutory rate for prejudgment interest is 6% per year, as set by W. Va. Code § 56-6-31. This rate applies to the principal amount of a judgment or decree from the date the right to recover arises. The statute governs how courts calculate interest on damages before a final judgment is entered. The law provides that interest accrues at this fixed rate on the full amount of the award. The official source details how the interest period is determined and any applicable exceptions. A worked example below demonstrates the calculation using this rate. To estimate the reverse interest in a specific case, use the DocketMath calculator with the actual dates and principal amount.

Governing authority

In West Virginia, the reverse interest rule is set by W. Va. Code § 56-6-31. The verified packet cites W. Va. Code § 56-6-31 (https://code.wvlegislature.gov/56-6-31/).

West Virginia reverse interest: the verified value is 6% under W. Va. Code § 56-6-31. The verified packet cites W. Va. Code § 56-6-31 (https://code.wvlegislature.gov/56-6-31/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the reverse interest 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.