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Tuesday, June 21, 2005

Post-Judgment Interest on Alimony

The Tennessee Court of Appeals recently confirmed, in Graves v. Graves, that post-judgment interest is mandatory on unpaid alimony. But the key word is "unpaid." Where alimony is payable in installments, interest accrues on each unpaid installment from the date it is due rather than from the date of the judgment. Price v. Price, 472 S.W.2d 732, 734 (Tenn. 1971).

By the way, a stay of execution does not postpone the due date of an alimony payment. Post-judgment interest will accrue on unpaid alimony even if the judgment is stayed. Polk v. Polk, 1989 WL 17463 (Tenn. Ct. App. 1989).