Casey v. Casey

Toal, Justice:

The issue presented in this appeal is whether an equitable distribution award is a money decree or a judgment, pursuant to S.C. Code Ann. § 34-31-20 (1987), so that it accrues interest at the statutorily prescribed postjudgment rate of 14%. We see no reason to distinguish equitable distribution money awards from other money judgments. Accordingly, we reverse the family court’s denial of postjudgment interest of 14%.

FACTS

The parties were divorced by family court order dated August 30, 1983. The decree provided for the equitable distribution of the parties’ property. Pursuant to…