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The Unsecured Creditor - Trends
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After more than a decade of effort, the legal organizations that sponsor the American Uniform Commercial Code are reaching the end of a major revision and expansion. The Uniform Commercial Code (UCC) forms the backbone of commercial law in all of America's 50 states. Although all major parts of the UCC have been or are being affected by the changes to this law, the latter part of this process is now affecting two of the major parts of this law that directly impact on unsecured trade creditors' rights - sales and secured transactions. The substance of the proposed new UCC provisions are very important in how ...
I, Robert Manchel, Esq. am the author of this article and Certified as a Consumer Law Bankruptcy Attorney by the American Board of Certification, which is accredited by the American Bar Association. If you wish to obtain additional information about bankruptcy, please call my toll free number 1(866) –503-5655 or visit my web site at http://www.bankruptcylawyer-nj.com . An obligation to pay debt is based on an agreement between the individual(s) and the creditor. A spouse is not responsible for the debt of the other spouse solely because of the marriage. If only one spouse contracted to ... Read More
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