A New York Affidavit for Judgment by Confession is a document that is filed in New York state courts when a debtor agrees to repay a debt in full, or admit to owing the debt and agree to pay it off over time. The document is signed by the debtor, and is witnessed by a notary public. The document includes information about the debt, such as the amount owed, the terms of repayment, and any additional charges or interest that may accrue. The Affidavit for Judgment by Confession is then filed with the court, and the court may enter a judgment against the debtor. There are two types of New York Affidavit for Judgment by Confession: a voluntary confession and an involuntary confession. A voluntary confession is when the debtor voluntarily repays the debt in full or agrees to pay it off over time. An involuntary confession is when the court enters a judgment against the debtor for the amount owed without the debtor's consent.
A New York Affidavit for Judgment by Confession is a document that is filed in New York state courts when a debtor agrees to repay a debt in full, or admit to owing the debt and agree to pay it off over time. The document is signed by the debtor, and is witnessed by a notary public. The document includes information about the debt, such as the amount owed, the terms of repayment, and any additional charges or interest that may accrue. The Affidavit for Judgment by Confession is then filed with the court, and the court may enter a judgment against the debtor. There are two types of New York Affidavit for Judgment by Confession: a voluntary confession and an involuntary confession. A voluntary confession is when the debtor voluntarily repays the debt in full or agrees to pay it off over time. An involuntary confession is when the court enters a judgment against the debtor for the amount owed without the debtor's consent.
