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A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
The accord is the agreement to discharge the obligation and the satisfaction is the legal "consideration" which binds the parties to the agreement. A valid accord does not discharge the prior contract; instead it suspends the right to enforce it in accordance with the terms of the accord contract, in which satisfaction, or performance of the ...
The official 2007 edition of the UCC. The Uniform Commercial Code (UCC), first published in 1952, is one of a number of uniform acts that have been established as law with the goal of harmonizing the laws of sales and other commercial transactions across the United States through UCC adoption by all 50 states, the District of Columbia, and the Territories of the United States.
Who this affects most: People with incredibly old debt have a better case for getting their debt removed. 5. Send a letter to the reporting creditor.
The original lender or a collection agency typically has the supporting information behind each debt. Submitting a dispute letter will not get rid of the debt, eliminate monthly payments or stop ...
Tax debt, alimony, spousal or child support and student loans are all typically ineligible for discharge. If your debt isn’t able to be discharged, it’s either due to the type of bankruptcy ...
The Uniform Commercial Code (UCC) currently consists of the following articles: Art. 1, General Provisions ... Art. 5, Letters of Credit; Art. 6, Bulk Sales (now ...
Similarly, in many common law legal systems, where there is an assignment of a debt, the assignee cannot enforce the rights of the assigning creditor against the debtor unless notice of the assignment has been given, and until notice of the assignment has been given, the debtor can still discharge the debt by paying the money to the creditor ...
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