HOW TO BECOME A SECURED CREDITOR It is very easy to become a Secured Creditor. Justobtain a Financing Statement aka UCC-1, follow the UCC-1 instructions sheet and then record it with the Secretary of StateUnited States Secretary of StateThe secretary of state is a senior official of the federal government of the United States of America, and as head of the United States Department of State, is principally concerned with foreign policy and is considered to be the U.S. government’s minister of foreign affairs.en.wikipedia.org’s Office in the state where the debtor has its principal office.
What does it mean to be a secured creditor?
What Does Secured Creditors Mean?Perfecting a Security Interest. Before he may enforce his rights,the creditor must perfect the security interest in the property. …Priority. Secured creditors are paid before unsecured creditors. …Chapter 7 Bankruptcy. Chapter 7 bankruptcy gives the debtor three choices of how to handle his secured obligations. …Chapter 13 Bankruptcy. …
How to become a secured creditor on personal property?
HOW TO BECOME A SECURED CREDITOR . It is very easy to become a Secured Creditor. Just obtain a Financing Statement aka UCC-1, follow the UCC-1 instructions sheet and then record it with the Secretary of State’s Office in the state where the debtor has its principal office. The debtor need not sign anything but must have the knowledge that a secured arrangement exists (See AUTHENTICATE at …
What can you tell me about a secured party/creditor?
In the simplest of terms,a secured party creditor can be described as aperson who is either a seller or even an entity who has the rights to the collateral pledged against a loan. Such people come into play under many circumstances among them when the debtor fails to pay the loan.
Do unsecured creditors get paid in Chapter 13 bankruptcy?
Payments to Unsecured Creditors in Chapter 13. In Chapter 13, there are two methods by which the amount to be paid to unsecured creditors is determined. First, unsecured creditors must be paid at least as much as they would have been paid if the debtor’s assets had been liquidated under Chapter 7. This is known as the best interests of creditors test.
What is a creditor?
CREDITOR. “Creditor” includes a general creditor, a secured creditor, a lien creditor and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity and an executor or administrator of an insolvent debtor’s or assignor’s estate. UCC 1-201 (12). See Note.ption
What is a creditor in bankruptcy?
“Creditor” includes a general creditor, a secured creditor, a lien creditor and any representative of creditors, including an assignee for the benefit of creditors, a trustee in bankruptcy, a receiver in equity and an executor or administrator of an insolvent debtor’s or assignor’s estate. UCC 1-201 (12).
These cookies track information about visits to this Website so that we can make improvements and report our performance. For example: analyze User behavior so as to provide additional functionality or improve course contents. These cookies collect information about how visitors use the Website, which site or page they came from, the number of visits and how long a user stays on the Website.
Why are cookies called "strictly necessary"?
Necessary cookies (First Party Cookies) are sometimes called "strictly necessary" as without them we cannot provide the functionality that you need to use this website. For example, essential cookies help remember your preferences as you navigate through the online school.
What is the first step to take control of your life?
If you’re prepared to take control of your own life. The first step towards this objective is to become a Secured Party/ Creditor. The word Secured Party/ Creditor has been discovered by many people seeking to achieve higher levels of freedom by reserving their unalienable rights. Yet most people are unable to accurately express precisely what it is. Simply put, it is a tool used to distinguish you as a living soul from the ALL CAPITAL LETTERS TRADENAME / BIRTH CERTIFICATE LEGAL NAME, and preserves the name ‘s assets.
What is social network?
Our social network is an open meeting place for reflective thinking, exchanging of knowledge, and networking between tribe members.
What is a completed sample form?
The Completed Sample Forms clearly illustrates how the form might be prepared and is a helpful guide when you are uncertain about information required to fill-in the form.
What happens if a debtor defaults on a UCC-1?
If the debtor goes into default, the secured party may file a UCC-1 form with their state’s secretary of state or similar authority. This filing serves as a lien on the property. Lenders can bring the collateral property into their possession.
Why do scammers use secured party creditor?
Scammers sometimes use the term secured party creditor when trying to convince people to file liens against public officials, the United States government or other organizations. While seeing this term is not proof that someone is running a scam, it should serve as a red flag. People may be especially suspicious of those who promise to make someone a secured party creditor to access secret bank accounts that the government holds.
What is security agreement?
Security agreements are contracts between lenders and debtors that take much of the risk out of lending. In these agreements, the borrower puts property up for collateral in exchange for the funds. If the debtor goes into default on these funds, the person or organization who provided the loan may claim the property.
What is a secured party?
In a security agreement, the term secured party refers to the person or organization that lends the money. Typically, the secured party is a bank or other financial institution. However, if they loan money through a security agreement, individuals can become secured parties. Scammers sometimes use the term secured party creditor when trying …
How do people get money from their accounts?
People can get the money from their accounts by becoming secured party creditors. The scammer’s special kit has all the forms someone needs to get the money. These schemes have people believe that once they declare themselves secured party creditors, they can file liens against the government on these secret accounts.
Can a family member be a secured party?
Entering a Security Agreement With a Debtor. A family member or friends cannot just loan money with a handshake and a promise with the hope of being a secured party. To be a secured party, a lender must enter a security agreement with the debtor. The form must be able to stand up to legal scrutiny, or else, the debtor could default and get out …
Do scam artists take money?
However, many scam artists use similar language and forms to take money from people and even commit identity theft. Understanding the difference between legitimate security agreements and known scams can save people time, money and frustration.
What authority does one have to establish oneself as a secured party creditor of a trade name/straw?
So, by what authority does one have to establish oneself as a secured party creditor of a tradename/strawman corporation? In commerce, it is the one who provides the funding of a corporation that acquires a lien right against all assets of that corporation. In other words, when a baby has birth certificate issued against their flesh and blood body , the corporation is created. But it is the child that in their lifetime will provide all of their energy/funding for that corporation, therefore that child can eventually establish themselves as the secured party for the debtor/tradename corporation and thereby secure all assets and collateral pertaining to the tradename.
Why is filing an ucc-1 important?
The filing of the ucc-1 is also important because it gives notice to all agencies, which means that no agency can compel the debtor to turn over any assets before first meeting its 100 billion dollar obligation to the secured party. This is how all assets of the tradename can be protected by the proper use of the secured party creditor process. However, it is important to remember that the government and its agencies can change their policies constantly, which can potentially change the way we achieve our remedies. Therefore, we must not be attached to the secured party creditor filing as the only way to achieve freedom forever. This process may, and actually should evolve as the policies governing commercial business evolve.
How is a lien established?
The lien itself is established by the security agreement between the secured party and the debtor/tradename. The security agreement is a private agreement which specifies that the debtor must perform as the transmitting utility for the secured party in commerce, in exchange for the secured party providing assets and collateral to the debtor.
What is the purpose of secured party filing?
Another purpose of the secured party creditor filing, is to aid in the protection of all assets held in the estate, which is held by the tradename. The estate encompasses everything, …
What is a secured party creditor?
Secured Party Creditor (SPC) is a term that is becoming more and more popular among the students of the sovereignty and common law student arenas. Many people are trying to obtain higher levels of freedom, reserving their unalienable rights, and have discovered this Secured Party Creditor term. Yet most people can not properly articulate exactly …
Why is it important to have a fundamentally accurate process?
It is important to have a fundamentally accurate process, for ease of enforcement. This process includes the security agreement, ucc-1 filing, a chargeback order, and even a common law copyright (if you choose to get one). It important to remember that this is a simple outline of some of the components of the secured party creditor filing.
Is a tradename the same as a strawman?
The tradename is your business, and you, as the live being, function in commerce through your tradename. However, you are not the same as the tradename. This is one of the main purposes of establishing ourselves as a secured party;
What is a mistake that I often see inexperienced lenders make when making secured loans?
A mistake that I often see inexperienced lenders make when making secured loans is that they do not take all the steps necessary to become a secured creditor. There are numerous traps for the unwary and people should be careful when documenting secured loans to make sure that they actually end up secured. It’s always hard having to tell a new client after reviewing their documents that they are unsecured because they didn’t follow some step or didn’t draft their documents properly.
How to become a secured party?
In order to become a secured party, one must (i) prepare a document which grants a security interest (which is the agreement between the parties) and (ii) also perfect on that security interest (which is the notice to the world of the security interest). Without both steps occurring, the lender will be unsecured.
Where to file a UCC financing statement?
To perfect a security interest, one generally files a UCC financing statement at the state level where the debtor lives or where the debtor was formed . Filing a financing statement does not perfect a security interest in all types of collateral, however. One should talk to an attorney to make sure that a UCC financing statement is appropriate for their needs. For instance, perfecting a lien on someone’s shares of stock requires physical possession of the stock certificates. Also, there are special rules for vehicles, boats, mobile homes, and aircraft.
How to properly grant a security interest?
In order to properly grant a security interest, one must use language which explicitly grants the security interest. In order to properly describe the collateral, a lender must use language which reasonably identifies the collateral.
Why is it so hard to tell a new client that they are unsecured?
It’s always hard having to tell a new client after reviewing their documents that they are unsecured because they didn’t follow some step or didn’t draft their documents properly. Before diving into specifics of how to become a secured creditor on personal property, please note that the rules for securing real property (ie.
What is the first step to unsecured property?
Without both steps occurring, the lender will be unsecured. Step 1 – Attachment. To grant a security interest in personal property, one must have a security agreement which contains (i) a statement granting the security interest and (ii) the description of the collateral. There is no specific requirement that the security agreement be …
Can you perfect a lien on someone’s stock?
For instance, perfecting a lien on someone’s shares of stock requires physical possession of the stock certificates. Also, there are special rules for vehicles, boats, mobile homes, and aircraft. If there’s one major point to take away, remember that becoming a secured creditor requires both the grant of security and the perfection …
Why is the Live flesh and blood no longer obligated to the fictitious “bankruptcy”?
One such reason that the Live flesh-and-blood no longer has so much external control existing over them after a UCC Secured Party Creditor process, is because they are no longer obligated to the fictitious “bankruptcy” and “debt.”.
What is the UCC account number?
The Treasury then opens a UCC Contract Trust Account (very much like that of a bank account) for the corporate Fiction named on the birth certificate, and a 9-digit “number” is then assigned to that account. This 9-digit account number is what later on issues as the corporate fiction Strawman’s SSN number.
What is a strawman?
This corporate strawman is supposed to serve as a commercial “transmitting utility” and buffer for the Live flesh-and-blood human being – for conveying goods and services in commercial activity to the Live flesh-and-blood human being, for when dealing with all commercial activities and affairs, and all future activities and affairs, involving commerce. Thus, the Strawman functions as a conduit for the transmission of goods and services from all derived sources of business and commercial exchange as involved and connected with all business transactions between the Live flesh-and-blood and these other entities involved in commerce – as relates to the Live flesh-and-blood (or their transmitting utility “Strawman”) moving in commerce and involving business transactions related to commerce at any given time and on a day-to-day basis. What is also not revealed to anyone, is how the Live flesh-and-blood human being is also made an accommodation party and surety (Debtor) “to” their commercial Strawman through that same birth certificate “contract.”
What is a birth certificate contract?
Through this birth certificate “contract,” all Title (and property) of the human being is surrendered over to the State. The State, itself being a sub-corporation and sub-agency of the federal government, is also contractually bound to the debts and obligations of the “United States” government.
How much tax do you pay when you make purchases from your employment?
When they then shop and make purchases from their remaining income they usually pay out another 6% to 8% more, from their remaining income, in sales tax (depending upon the State).
What is a live birth certificate?
It was also a “contract” with the State government between your parents and the State – inadvertently, unknowingly, made by your parents THROUGH their signature.
Why was the Doctrine of Parity established?
This was founded and based upon the (original) ancient “Doctrine of Parity,” for to legally/lawfully distinguish corporations from Live flesh-and-blood “people,” so as to prevent them from ever imprisoning human beings as slaves. This has remained well grounded, well established mandate for hundreds of years.