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The Rules to the Game

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You may have heard of many discussions and theories about legal and lawful remedies. Now you can hear from someone who has had first hand experience. Invaluable information.

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Learn the maze of the UCC with Dave. (1) "assigned estate" means all the real and personal estate of an assigning debtor passing to the consenting creditors under an assignment by virtue of Section 23.02 or 23.09(b) of this code; Sec. 23.02. NATURE AND EFFECT OF ASSIGNMENT. (a) A debtor may assign his real and personal estate under this chapter to an assignee for the benefit of the debtor's creditors. ll provide in the as(b) An assigning debtor shasignmentfor distribution of all his real and personal estate to each consenting creditor in proportion to each consenting creditor's claim. (c) The assigning debtor shall sign the inventory required by Subsection (b) of this section and swear that it is just and true. A) authenticated by a secured party; (7) "Authenticate" means: (A) to sign; or (B) with present intent to adopt or accept a record, to attach to or logically associate with the record an electronic sound, symbol, or process. 10) "Certificate of title" means a certificate of title with respect to which a statute provides for the security interest in question to be indicated on the certificate as a condition or result of the security interest's obtaining priority over the rights of a lien creditor with respect to the collateral. (12) "Collateral" means the property subject to a security interest or agricultural lien.
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