Judgment for payment of an unpaid amount
8AAH Judgment for payment of an unpaid amount
This section applies if judgment is given by, or entered in, a court for the payment of:
all or a part of an amount in respect of which a person is, or was, liable to pay the charge because the amount remains unpaid after the time by which it is due to be paid; or
an amount that includes all or a part of the unpaid amount.
The consequences of judgment being given or entered are:
the unpaid amount is not taken, for the purposes of a provision that makes, or would make, the person liable to pay the charge on the unpaid amount, to have ceased to be due and payable by reason only of the giving or entering of the judgment; and
if the judgment debt carries interest, the amount of the charge that the person would, if not for this paragraph, be liable to pay on the unpaid amount is reduced by:
in a case to which paragraph (1)(a) applies—the amount of the interest; or
in a case to which paragraph (1)(b) applies—the amount worked out using the formula:
Start formula start fraction Unpaid amount or part of unpaid amount over Judgment debt end fraction times Interest end formula
This Act’s bill:Second reading speech
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.