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Interest
Interest is payable at (normally) 8 per cent, the judicial rate.
To claim the interest, before the last instalment of the debt (other than such interest) is payable under the direction, the creditor must state they are claiming such interest and specifying the amount of the interest claimed.1s1(7) D(S)A 1987
Failure to do so means the interest is not recoverable.
 
1     s1(7) D(S)A 1987 »