Opinion ID: 6500405
Heading Depth: 2
Heading Rank: 2

Heading: Marion Bowen Litigation

Text: Disputes over the failed Marion Bowen project resulted in a 2008 confession of judgment,13 with Baker agreeing to pay Duffus $150,000 plus interest. Baker gave Duffus a “partial assignment of proceeds” from “any sale, conveyance, transfer or disposition” of the Apartments that Baker should be entitled to under his 50% interest in Aurora Park. Duffus recorded this assignment. Baker and Duffus agreed that Duffus could enforce the confession of judgment against Baker if the Apartments did not sell within five years. The Apartments were not sold, and in 2013 Duffus sought to enforce Baker’s confession of judgment. Judgment in the amount of $252,585.06 was entered in Duffus’s favor. Duffus apparently took no further relevant action until 2019, later explaining that, despite obtaining the favorable judgment: “[T]here was nothing to 13 See generally Alaska R. Civ. P. 57 (governing confession judgment). -5- 7602 execute on. [He] could only hope that Aurora Park would eventually sell [the Apartments], triggering a company distribution to . . . Duffus as assignee.”