Confession of Judgment Concerns
A confession of judgment (COJ) can allow a creditor to obtain a judgment without a traditional lawsuit. If your agreement includes one, understanding it is important.
Important: If you have received a lawsuit, judgment, court papers, a bank levy or freeze, or any notice with a deadline, contact a qualified attorney licensed in your state promptly. Submitting a form on this website does not pause any deadline, stop any legal process, or create an attorney-client relationship. Business Debt Relief Group does not provide legal representation.
What a COJ generally is
A confession of judgment is a signed statement in which a business (and sometimes a guarantor) agrees in advance that a judgment may be entered against it if certain conditions occur, such as default. Where enforceable, this can let a creditor move quickly to a judgment and collection steps.
Laws on COJs vary significantly by state. For example, New York amended its law in 2019 to limit the filing of confessions of judgment against defendants who do not reside in New York. Whether and how a COJ can be used depends on the documents and jurisdiction.
Get legal advice
If you have received a lawsuit, judgment, court papers, a bank levy or freeze, or any notice with a deadline, contact a qualified attorney licensed in your state promptly. Submitting a form on this website does not pause any deadline, stop any legal process, or create an attorney-client relationship. Business Debt Relief Group does not provide legal representation.
Common questions
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