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524UNIVERSITY OF PENNSYLVANIA LAW REVIEW Vol. 102CONFESSIONS OF JUDGMENT The warrant of attorney to confess judgment as used in the typical judgment note has been called “the loosest way of binding

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What is confessions of judgment?

Confessions of judgment is a legal document in which a debtor agrees in advance to have judgment entered against them.

Who is required to file confessions of judgment?

Debtors who have agreed to have judgment entered against them are required to file confessions of judgment.

How to fill out confessions of judgment?

Confessions of judgment can be filled out by providing all necessary information and signing the document in front of a notary public.

What is the purpose of confessions of judgment?

The purpose of confessions of judgment is to expedite the collection process in case of default on a loan or contract.

What information must be reported on confessions of judgment?

Confessions of judgment must report information regarding the debtor, the creditor, the amount owed, and any agreed-upon terms.

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