National Boulevard Bank v. Corydon Travel Bureau, Inc.

On October 1, 1965, a judgment by confession on a series of ten promissory notes was entered against Cory-don Travel Bureau, Inc., and Alan B. Bosenberg in favor of plaintiff, National Boulevard Bank of Chicago, for the amount of $243,870.86. At the same time judgment by confession was entered against Sam Silver and Melvin E. Levinson in the amount of $138,570.37, pursuant to their guaranty on five of the aforementioned notes. Defendants Melvin E. Levinson and Sam Silver separately petitioned the court to “vacate and reopen” the judgment by confession, each movant attaching an affidavit in…