How to Vacate a Confession of Judgment in New York
If you signed a merchant cash advance agreement, there’s a good chance you also signed a confession of judgment (COJ) without fully understanding its implications. When a funder files that COJ and a judgment gets entered against you, it can feel final and permanent. However, the reality is that judgments entered by confession are not unchallengeable and can often be vacated with proper legal strategy. Understanding your options could mean the difference between losing your business assets and getting a fresh start.
What is a Confession of Judgment?
A confession
Continue Reading How to Vacate a Confession of Judgment in New York