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$50 Million in MCA Defaults First Month of 2019

In the first month of 2019, we researched and tracked almost 900 Confession of Judgement filings totaling just over $50 million in defaulted Merchant Cash Advance debt. Among them were: Custom Cabinet and Furniture Makers Medical Care and Health Services Distribution Companies Trucking Companies Breweries Lumber Companies Consulting Firms Contractors Landscapers Restaurants Hundreds of businesses […]

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Confession of Judgement

Confession of Judgement I Confess! When you sign a Confession of Judgement, you sign away your rights to the legal process. A Confession of Judgement (Cognovit Note/Warrant of Attorney) is an extraordinary weapon creditors use to remedy loan defaults. It allows Merchant Cash Advance companies and other creditors to enter a judgment against debtors without […]

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