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This is absolutely not legal advice, but this author misunderatands what a confession of judgment is. A confession would be void if signed prior to debt being d
by Fezzik 8y ago
This is absolutely not legal advice, but this author misunderatands what a confession of judgment is. A confession would be void if signed prior to debt being due, because you can only confess to debt that is defaulted on. See: https://oregoncivpro.com/orcp-73-judgments-by-confession/ https://oregoncivpro.com/orcp-73-judgments-by-confession/
“B(4) it must have been executed after the date or dates when the sums described in the statement were due.”
I am assuming most states share this rule, but I could be wrong.
- crooked-v 8y agoI would suspect the businesses involved rely on legal costs preventing things from even getting to the point of the confession of judgment being declared void.