Guam Affidavit for Judgment by Confession for Money Due

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Multi-State
Control #:
US-03303BG
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Word; 
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Description

A confession of judgment is a written agreement in which the defendant in a lawsuit admits liability and accepts the amount of agreed-upon damages that must be paid to the plaintiff. A confession of judgment may be filed as a court judgment against the defendant who does not pay or perform as agreed. Such an agreement attempts to minimize the need to resort to legal proceedings to resolve a dispute. Careful consideration needs to be given to signing an agreement for confession of judgment, since doing so signs away rights to contest a claim in a future dispute.


The following form is a complaint that adopts the "notice pleadings" format of the Federal Rules of Civil Procedure, which have been adopted by most states in one form or another. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

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FAQ

Within California, a confession of judgment is available as a creditor's remedy. In these bankruptcy or other creditor/debtor circumstances, it is also known as a ?cognovit judgment.?

As of January 1, 2023, however, California updated its Code of Civil Procedure Section 1132 to render judgments by confession unenforceable and inadmissible in any Superior Court. The law does not apply the foregoing provision to a judgment by confession obtained or entered before January 1, 2023.

In Guam, the judiciary has two general levels. The Territorial Superior Court is the trial court of general jurisdiction. The Supreme Court of Guam is the highest court.

Confessions of judgment on consumer loans are outlawed by the Federal Trade Commission but are still legal on business loans in certain states: Illinois, Maryland, Michigan, Minnesota, New Jersey, Ohio, Pennsylvania, Virginia and Texas.

The District Court of Guam sits within the United States Courts for the Ninth Circuit. The largest of all federal circuits, the Ninth Circuit consists of the U.S. Court of Appeals for the Ninth Circuit and the federal and bankruptcy courts in 15 federal judicial districts.

A confession of judgment is a legal device - usually a clause within a contract - in which a debtor agrees to allow a creditor, upon the nonoccurrence of a payment, to obtain a judgment against the debtor, often without advanced notice or a hearing.

The answer is no. A confession of judgment is invalid unless accompanied by an independent attorney's declaration (as required per CCP 1132(b)).

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Guam Affidavit for Judgment by Confession for Money Due