What if I don’t owe a lot of stuff?

by | May 7, 2024 | 2008, Q&A | 0 comments

Q: Hey, I stumbled across your site. I and a small
group are just about to file our UCC Security
agreements. My question to you about this, is, what if
I don't own a lot of things (on purpose).
A: The exercise is to separate one's self from the
legal name - you do that just by having a contract -
the security 'agreement'. Any contract by its very
nature implies a minimum of 2 parties - that is your
contractual separation. Now you have a contract upon
which you can file a UCC1 as the straw man has agreed
to it.
This security filing establishes your relationship on record
with the Secretary of State as the creditor and it (the
State) as your debtor since they own the Straw man by
virtue of the fact they created it. Therefor what you have
in terms of claimingis while not irrelevant not the main
thrust of the exercise. However what you do not claim,
that is over $1000 in value just to draw the line
somewhere, reverts to the State by the doctrine of neglect
so you might as well claim it.
Q: I have bank accounts, a guitar, stereo, books,
books, books, a bike, you know, just stuff. Do I name
all that on the security and Copyright documents?
A: Its sufficient to claim all over $1000 as a rule and
or which ties you into the system with an identity
number as claiming things like a pencil would be
ridiculous. Stuff like banks accounts you will fill in
the blanks once you get the security agreement - all
you add into the form I will add in the master form in
a PDF format. I don't ask for bank accounts and similar
information directly as I feel its best I don't have
the responsibility of knowing that type of information.

The most critical piece is the SSS # as it is my
understanding that I need that to do a complementary
filing. I do suggest that people follow that up on
their own with a paper filing ( I do provide samples to
follow if requested )as I cannot do that bit physically
for what I am charging. Most of the security agreement
is fill in the blanks and it never leaves your possession
other than getting it notarized.

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