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Home / Opinion Digests / Creditor’s Rights – Confessed Judgment – Contractor Financing (access required)

Creditor’s Rights – Confessed Judgment – Contractor Financing (access required)

A general contractor who has worked with defendant subcontractor on several projects, and who offered financing arrangements to help the sub maintain cash flow, has proved its claim for breach of a Nov. 7, 2007 confessed judgment and promissory note, and a Fairfax Circuit Court finds that the sub owes plaintiff $570,724.29, plus interest and ...