New York  |  Banking Law

Legal Question

Asked on: 7/08/13, 10:38 am

I owe a friend money , he is asking me to sign a confessional judgement. I s this o.k.? or is there another way for him to be secure the money with me and not use this confessional judgement.

1 Answer


Answered on: 7/09/13, 8:20 am by Philip Katz

You should never sign anything that obligates you to pay money to another without bringing the document to a lawyer for review. There is no such document as a "confessional judgment." There is a document called a "confession of judgment."

"Confession of judgment" is a legal document, a type of contract, in which a party agrees to let the other party enter a judgment against him or her. You are essentially contracting away his right to raise any legitimate defenses

That document is not one that I would recommend that any client sign. There are many other ways that are more appropriate to secure a debt obligation short of a confession of judgment.


Did you find this answer helpful?

0 Users found this answer helpful.

0 Attorneys agree with this answer.


Fink & Katz, PLLC 40 Exchange Place, Suite 2010 New York, NY 10005

Other answers from this attorney

Didn't find what you were looking for? Ask an Attorney!

Get answers from the top Attorneys
Ask Question

70 Answers given in the last few hours.

86611 Active attorneys ready to answer your question

Search Past Answers:
  Advanced Search