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.
Wisconsin Affidavit for Judgment by Confession for Money Due is a legal document used in Wisconsin when one party owes money to another, and they agree to enter into a judgment by confession. This type of judgment allows the creditor to obtain a court judgment without going through the typical court process. Keywords: Wisconsin, affidavit for judgment by confession, money due, legal document, creditor, court judgment, court process. There are different types of Wisconsin Affidavit for Judgment by Confession for Money Due, depending on the specific circumstances and the amount of money owed. Some variations may include: 1. Wisconsin Affidavit for Judgment by Confession for Money Due — Small Claims: This form is used when the amount owed is within the jurisdiction of the small claims court (typically $10,000 or less). It allows the creditor to initiate the judgment by confession process in a simplified manner. 2. Wisconsin Affidavit for Judgment by Confession for Money Due — Circuit Court: This form is used when the amount owed exceeds the jurisdiction of the small claims court, and the creditor needs to file the affidavit in the circuit court. The process may involve additional steps and formalities compared to the small claims process. 3. Wisconsin Affidavit for Judgment by Confession for Money Due — Promissory Note: This variation is used specifically when the debt is based on a promissory note. It includes additional sections for the details of the promissory note, such as the date, terms, and signatures of the parties involved. 4. Wisconsin Affidavit for Judgment by Confession for Money Due — Business Debt: This form is used when the debt owed is related to a business transaction. It may include specific sections or requirements tailored to business-related debts. Overall, Wisconsin Affidavit for Judgment by Confession for Money Due is a powerful legal tool that allows creditors to efficiently obtain a court judgment for owed money, particularly for small claims or when the debtor has willingly consented to the confession of judgment. It is important to consult with an attorney or legal expert to ensure the correct form is used and the process is followed accurately in accordance with Wisconsin law.
