BLAW 4203 Chapter Notes - Chapter 30: Secured Creditor, Mortgage Bank, Garnishment
Document Summary
Part 2 mainly about: secure transactions(back up transactions with collateral. -gurantees, , factoring receivale(sell receivable, or use as collateral, , -bankruptcy . the two(secure transaction and bankruptcy) create debtor creditor relationships. Who will prevail secured or nonsecured in bankruptcy: fedral law, agency law(relevant to accounting , tort, contracts, business entities(llp vs llc), fed registration, state registration. Do you wan to stay private, do you want to go public: cpa liabilities, strategies on security transactions debt. Creditor: lien is also a link, ucc-9 secured agreement (for movable goods) Mortgage, lien, ucc-9 are vehicles to link the debtor an creditors. Chap 29 how to get paid as a creditor (with ni not secured. Chap 30 remedies available to only secured creditors under ucc-9. Ways to get the money if not pay the ni (involuntary, used daily)--: sue in court (to put lien)-court order to get writ of attachment. (but mortgagees, ucc-9 holders and lien holders will be in front of you.
