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Infolawyer
Infolawyer, Lawyer
Category: Consumer Protection Law
Satisfied Customers: 56476
Experience:  Licensed attorney helping individuals and businesses.
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how do i collect on a debt created through the use of a Conditional

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how do i collect on a debt created through the use of a Conditional Acceptance for Value by Affidavit including a ussec tracer flag, security agreement, etc?

Daniel :

Hello,

Daniel :

I take it there has been a default and the affidavit filed. The next step would be to obtain a judgment through the judgment clerk and then execute on the assets of the judgment debtor.

Customer:

ok so is that the same as getting a judicial review?

Customer:

and how do i execute on the debtor.

Daniel :

Correct

Daniel :

once you have a judgment, you may have the sheriff levy on assets

Daniel :

sheriff may levy on real estate, bank accounts, other security interests

Customer:

so how long does a judicial review take, its been in court for about 2 months

Daniel :

It can take a total 3-4 months

Daniel :

it depends on the backlog of the court

Daniel :

I wish you the best.

Customer:

ah, so once they rule i can have the sheriff levy all the collateral agreed to?

Daniel :

yes, once they issue a decision and judgment

Customer:

so do i still need to file a ucc1 financing statement/

Daniel :

You should

Daniel :

you want to maintain that security interest

Customer:

ok thank you very much

Daniel :

very welcome

Daniel :

Kindly click on an excellent rating

Customer:

just about to

Daniel :

thanks

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