Joseph P. Simon Law Serving all of California

FREE CONSULTATION!

CONFESSION OF JUDGMENT

A confession of judgment is a process whereby a creditor asks a debtor to agree to sign a legally binding monetary judgment against the debtor.

Although no lawsuit is filed, a confessed judgment has the exact same legal effect as a judgment by a judge or jury. The judgment only takes effect if it is eventually filed in court, however, if it is filed, it can be used as a basis to start collection proceedings against the debtor, including the garnishment of wages.

Confessions of judgment are usually signed as part of a settlement agreement that provides for the debtor to pay off the debt over time. In such a situation, the confession of judgment is not actually filed in court unless and until the debtor defaults on the payments.

WHAT IS IT?

A confession of judgment is a process whereby a creditor asks a debtor to agree to sign a legally binding monetary judgment against the debtor. Hire a lawyer BEFORE signing the agreement.

WHAT ARE THE ADVANTAGES?

A confession of judgment can buy a debtor time to pay off a debt. Another advantage of agreeing to a confession of judgment is the avoidance of the time and expense of litigation.

SHOULD I HIRE AN ATTORNEY?

Yes, because confessions of judgment are only appropriate in limited circumstances, California law requires the involvement of an independent attorney to review the debtor’s situation.

WHAT DO I NEED TO DO?

If you have been approached by a creditor to enter into a Confession of Judgment, you should contact a California-licensed attorney to give you advice as to whether it is appropriate.

WELCOME TO JOSEPH P. SIMON LAW

Call now for a free consultation

Or email

California Lawyer

LICENSED TO PRACTICE LAW FOR OVER 25 YEARS

SERVING ALL OF CALIFORNIA

OUR LEGAL PRACTICE AREAS

CONTRACTS

Contract review and drafting

COURT

Court appearances and depositions

DEMAND LETTERS

Lets the recipient know you are hiring an attorney

MOTIONS

Demurrers, motions and oppositions

APELLATE BRIEFS

Documents to support your court appeal

REAL ESTATE

Purchase And Sale Agreements