Remedies Generally | Money Judgment | Injunction | Insurance | Penalties for a Frivolous Claim

Use of a confession of judgment is valid in  non-consumer settings, but this strategy is not  preferred for collection, even though it allows the  plaintiff to obtain judgment immediately and without  notice to the Defendant. Sounds great, right? Not  really. When the plaintiff attempts to execute on  assets, the plaintiff must give 30 days notice of his  intent to execute on a bank account, for example.  That gives the Defendant plenty of time to shift the  money to a new account or withdraw it as cash, which  creates another potential cause of action (fraudulent transfer), but if you are the plaintiff you want money,  not causes of action.

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