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Home / Opinion Digests / Creditor’s Rights – Confessed Judgment – Asphalt Purchase  (access required)

Creditor’s Rights – Confessed Judgment – Asphalt Purchase  (access required)

A Fairfax Circuit Court sets aside a confessed judgment against defendant Bud & The Boyz Construction because the required language of Virginia’s confessed judgment statute, Va. Code § 8.01-433.1, appears in the original credit agreement but does not appear in subsequent documents. In 2008, defendants were constructing an industrial building in Fauquier County. In June 2008, ...

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