The lessees are seeking a judgment that they are not in default of the lease.

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The kicker is that a confession of judgment typically includes a paragraph that introduces an escalated interest rate from the date of default.

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But if you do not move out or answer the complaint, the judge will enter a default judgment against you for possession of the premises.

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It gets even worse, Mr. Singer says, if the government ever deems a financial giant "in danger of default" a judgment that can be made without the consent of the firm or its investors.

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That system included the likelihood the person would repay or default on a loan based on statistics rather than the judgment of a loan officer or individual lender.

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The risk of devaluation was gone and the chance of default seemed tiny, to judge from the markets' judgment that bonds issued by thrifty states were barely worth any more than those of profligate ones.

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"It's reasonable for the Secretary of State, reading that judgment as whole, (to find) no serious default was disclosed, " Mr Maguire said.

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Pro Player Funding is equipped with such power based on an athlete signing a document known as an Affidavit of Confession of Judgment, which allows the lender to enter a judgment against the athlete if a default occurs.

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