Delancey Street is not a law firm. This information is for general educational purposes only and is not legal or financial advice. For advice about your specific situation, consult an independent attorney or qualified financial professional.
Business debt under pressure? Let’s talk through the next steps.
We focus on negotiating your business debt. If you need help with a judgment, lawsuit, or frozen account, independent counsel can review your legal options and represent you directly.
When the funder pulls the trigger, days matter.
A COJ raises questions about legal obligations and enforcement. Independent counsel can review the document, applicable law, and any response deadlines. Delancey Street does not provide that legal analysis.
If an account is frozen or you receive legal papers, contact independent counsel promptly. Do not wait for a settlement discussion to address time-sensitive legal matters.
Our work focuses on organizing balances and payment records and discussing proposed terms with funders. Independently retained counsel decides what legal steps, if any, are appropriate.
2 scenarios, opened up
01
Keep legal review separate from the financial discussion.
- 01Save the papers and related communications
- 02Contact independent counsel about deadlines and options
- 03Gather balances and payment records for settlement discussions
02
Organize each account in one place.
- 01List each balance and payment schedule
- 02Gather recent statements
- 03Discuss proposed terms with the negotiation team
From same-day intake
to closeout
Every engagement is different. We move on day one because deadlines don't wait, and we give you a written, engagement-specific plan at intake.
Organize balances, payment schedules, and recent statements.
Counsel evaluates legal questions and represents you directly. Do not wait for our response to address legal deadlines.
We discuss proposals with funders. Payment changes require their agreement and do not follow automatically from a legal review.
COJ Questions and Debt Negotiation in 49 of the 50 states
Common questions
What is a Confession of Judgment?
Independent counsel can explain a COJ and its effect under the applicable law. This page cannot determine whether a particular document is enforceable.
Has a COJ already been filed against me?
Independent counsel can check filing information and explain any notice you received. Delancey Street cannot determine a case status or response deadline from an intake conversation.
Can a COJ actually be vacated?
Whether a judgment can be challenged depends on the documents, facts, and applicable law. Independent counsel can assess those questions; we do not predict a court outcome.
What's the timeline once I engage you?
Our intake concerns the underlying business debt. Legal deadlines and court schedules are separate matters for independent counsel. Starting work with us does not pause those deadlines.
What happens to the underlying debt if the COJ is vacated?
Independent counsel can explain the effect of any court order on the judgment and underlying obligations. We can discuss potential settlement terms with the funder; acceptance and savings are not guaranteed.
Is Delancey a law firm?
Delancey Street is not a law firm. Independently retained counsel provides legal advice and representation directly to you. Ask for the written scope of any attorney-cost coverage, including limits and exclusions.
Talk to a strategist about your coj questions and debt negotiation case
Free initial review. We'll look at your contracts, the creditor mix, and what's actually triggerable in the next 30 days. No commitment, no sales pitch, just a real read on your situation.
Tell us what's happening.
COJ filed? Account frozen? Let's talk today.
1,000+ businesses settled. $100M+ in debt resolved. We can help yours, too.
Two conversations, clear roles
Bring judgments, COJs, court papers, and account-restraint notices to independent counsel. The attorney can explain their effect and any response deadlines. We do not select legal defenses, predict whether a judgment can be challenged, or promise an account will be unfrozen.
For the financial discussion, gather current balances, payment schedules, recent statements, and funder correspondence. We use those records to discuss potential settlement terms. A proposal does not change your obligations unless the funder agrees.
Ask for written service terms and the scope of any attorney-cost coverage, including limits and exclusions. Independent counsel controls legal advice and representation.