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5 Cards in this Set
- Front
- Back
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4 categories of creditors
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1. secured & perfected
2. secured & unperfected 3. unsecured & unperfected 4. not a creditor |
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Creditors in the ___ strata must share remaining assets
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unsecured & unperfected
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Parties in the ___ strata get nothing.
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not a creditor
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How long does a financing statement last?
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5 years
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- A financing statement must be filed within ___.
- If it is not, the creditor drops to the ___ strat. |
- 20 days
- 4th |
