Vacation of Confessed Judgment

by | Mar 9, 2015 | Firm News | 0 comments

In March 2014, Stewart A. Sutton represented a client who had signed a promissory note with a confessed judgment provision with her former attorney.  The former attorney obtained a confessed judgment in the amount of $9,300 against the client.  Stewart A. Sutton was retained to halt the garnishment of her wages and to vacate the confessed judgment.  Within a week, he was able to negotiate an almost 75% reduction in the amount owed.

Practice pointer for clients: It is a common practice for Maryland attorneys to present clients and former clients with promissory notes with a confessed judgment provision to secure payment of fees owed.  Do NOT sign such a note, unless you first consult with an independent counsel.

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