Have Legal Questions? Ask a Lawyer Now.
Dear Customer, thank you for choosing Just Answer. Unfortunately, the lost income due to litigation is not a recoverable cost.
I wish I had a better answer go for you, but I want to give you an accurate statement of the law so that you can plan accordingly.
Late fees can only be charged if they are agreed upon between the parties. However, you may begin charging interest under a judgment due to statute.
One you get a judgment it begins accruing interest at the maximum legal rate (right now in California it is 10 percent). This is automatic.