Consent Judgment against borrower who had defaulted on a promissory note

In July 2012, Stewart A. Sutton obtained a $30,000 Consent Judgment for his client, who was owed money by a borrower who had defaulted on a promissory note.  Practice pointer for clients: You should retain an attorney to draft your promissory note.  Your promissory note should contain a provision for the award of reasonable attorney’s fees in the event of a default.  To obtain reimbursement of attorney’s fees and expenses in enforcing the judgment, the promissory note should contain the following language: ”This Agreement shall not be merged with the judgment, but shall survive the judgment.   You shall be responsible for my reasonable attorney’s fees and expenses incurred in enforcing the judgment”.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Receive Complimentary Case Consultation

To contact us simply complete this form or contact us using the information provided below. [contact-form-7 id="107" title="Contact form 1"]
Our Location

Law Office of Stewart Andrew Sutton, LLC
8 Executive Park Court
Germantown, Maryland 20874
Telephone: 301-916-5000
Fax: 301-916-1201
E-Mail: stewart@stewartsutton.com