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Margill Law Edition
Interest Calculator for
Law Professionals
July 2010 - Release of version 3.2. Features
a new unique collection module including court fees, prejudgment
interest and other fees
The choice of thousands of lawyers,
judges, judgment collection agencies, law departments, governments,
insurance companies and trade unions in 28 countries.
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Word quickly traveled to our attorneys that we had the
ability to generate both Michigan and Federal Schedules
in a matter of minutes.
Margill saved our attorneys hours of manual calculations
of Judgment Interest and at the same time saved our clients
the cost in time charged to prepare and review schedules
prepared by other firms.
Margill is definitely a must have for law firms!
Cummings,
McClorey, Davis & Acho PLC
Detroit, MI
Margill is a Godsent!
Paralegal
NALA convention, Jacksonville, FL, 2010
HHS uses Margill to determine balances due on agency
debts owed to the U.S. Government by using variable rates
and various compounding methods.
Margill saves my staff and me an enormous amount of
time.
US Department
of Health and Human Services
Rockville, MD
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Common
law-related calculations
- Simple interest or compound interest between two dates
- Pre judgment and post judgment interest calculation for all
US states, Canadian provinces and European countries (over 150
interest tables and rates automatically updated on your system)
- Collection of judgments including precomputed prejudgment interest,
court fees and other fees bearing interest or not. Predefined
refund order (interest, fees, prejudgment interest, other fees
and principal)
- Collection of debt claims and accounts receivable
- Unpaid or late rent, salaries and alimony - possible to index
these amounts as required
- Lump sum or structured settlement hypotheses over time for judgments
(quantum)(present value)
- Today value of an old judgment award
- Interest payable from an escrow (trust) account (with regular
and irregular deposits)
- Mortgage and loan calculations (regular and irregular payments
at fixed or variable interest rates)
- USA specifically: Civil judgment governed by 28 U.S.C. 1961,
Civil judgment relating to awards of just compensation in condemnation
proceedings settled under 40 U.S.C. 258a.
- Calculation of the unknown interest rate applicable to a loan
with regular and irregular refunds (determination of the contractual
rate or usurious (criminal) interest rate)
Types of
law
- Civil litigation
- Labor
- Commercial
- Insurance
- Family
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- Banking
- Real estate
- Mergers & Acquisitions
- Investment
- Tax
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Real
life examples of various calculations
Click to see Margill examples:
Statutory
(judicial, legal, pre-judgment, post-judgment) interest rate tables
| United States: |
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• Federal Post Judgment interest rates
(28 U.S.C. 1961, 40 U.S.C. 258a.)
• Internal Revenue Service (IRS) tax over and under
payments |
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• All US states and territories - pre judgment
and post judgment rates
• Federal Reserve Rates
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| Canada: |
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• Canada Revenue Agency (CRA) tax
over and under payments |
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• All Canadian provinces and territories - pre
judgment and post judgment rates |
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• Bank of Canada and major bank Prime rates |
| Australia: |
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• Australian Taxation Office (ATO)
Late tax payments |
| France: |
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• Legal interest
• Rates for late payments (Legal interest x 1.5) |
| Belgium: |
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• Legal interest |
| Luxembourg: |
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• Legal interest |
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Click here to see
all interest tables available in Margill
Central Bank interest tables
- US Federal Reserve, Bank of Canada, Bank of England, European
Central Bank, Australia, South Africa, Hong Kong...
Indexation tables
- Inflation rates for various countries USA, Canada, Great Britain,
Australia, France, Switzerland, Belgium, Luxembourg
- Stock market indices (annual returns)
- Alimony indexation tables (Quebec)
Standards-based
- International standards and recognized principles for
the calculation of interest (Americas, Europe, Asia, Australia,
Africa)
- United States banking rules (Regulation Z, Truth in Lending
Act)
- European Community rules (Directive 98/7/CE)
- Canadian rules
- Day count conventions : Actual/actual (also known as
Actual/365), 30/360, Actual/360, Actual/365(Fixed)
- Effective rate method (Normal compound interest amortization),
Capitalized Simple interest (very often mandatory in Law),
Simple interest
- Simple and Compound interest
- Unique (fixed) or variable interest rates
- 4 decimal point accuracy
- Multi-currency
- Printed reports that include quarterly and /or annual and choice
of the financial year-end
- Export of the data to Excel,Word, XML, RTF
Highly
specialized features
(for total accuracy in Amortization)
| The
International
Bar Association (IBA) and Jurismedia are proud to announce
their partnership in order to provide its members with Margill,
the leading interest calculation solution for law professionals.
Full
story... |
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