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A UCC-1 financing statement (an abbreviation for Uniform Commercial Code-1) is a United States legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (a person who owes a debt to the creditor as typically specified in the agreement creating the debt).
Within seven days of publication of the notice of surrender, the debtor must furnish copies of the notice all to creditors whose addresses are known, and to other parties, including employees. Compliance with this requirement may be proved by means of an affidavit (made either by the debtor or by his attorney) giving details of the steps taken ...
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Application for an emoluments attachment order may be made when the court has suspended the execution of an order or warrant for the imprisonment of a judgment debtor in terms of section 65F(2), pending the payment by the judgment debtor of the judgment debt and costs in specific instalments as determined in the suspension order; or
Strict foreclosure is an effective remedy where the creditor has a need or use for the physical property itself. For example, a seller of goods that forecloses on goods in which it had a purchase money security interest (PMSI) may then return the foreclosed goods to its inventory and resell them at its leisure.
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