Frankford Trust Co. v. Stainless Steel Services, Inc.

CIRILLO, Judge:

On September 1, 1981, appellant, Frankford Trust Company (hereinafter referred to as “Frankford”) entered a confession of judgment against appellees, Stainless Steel Services, Inc., Philadelphia Iron Works Corp., Albert D. Stewart, Jr., Albert D. Stewart, III, and Martha E. Stewart (hereinafter collectively referred to as “Stainless”) in the amount of $70,706.25. Shortly after receiving notification of the entry of judgment, Stainless filed a petition to open or strike judgment with the Court of Common Pleas, Philadelphia County. After subsequent responsive pleadings were…