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Understanding the Secure Party Creditor Process

Mar 7, 2025

Lecture Notes on Secure Party Creditor Process

Introduction

  • It's currently 2025. The speaker's birthday is tomorrow on Valentine's Day.
  • The focus of the presentation is on the Secure Party Creditor (SPC) process.
  • Importance of the SPC process in achieving legal and financial remedy.

What is the Secure Party Creditor Process?

  • The process acknowledges you as the owner of your name or 'strawman,' a legal entity created at birth.
  • Filing a UCC1 in Albany, New York is crucial as it's the international hub for these filings.
  • Purpose: Establish ownership and control over the strawman, a trust in your name.

Key Concepts

  • Strawman: A legal entity or corporation created at birth, often represented in all caps.
  • UCC1 Filing: Establishes you as the primary creditor over your strawman.
  • Private Security Agreement: A document acknowledging that your strawman owes you a significant amount of money (e.g., $500 billion).
  • Jurisdiction and Court Cases: Use your secured party creditor status to challenge claims and avoid debts.

Scenario: Debt Collection and Lawsuits

  • Problem: Without SPC status, you might be liable for debts through your strawman.
  • Solution: As an SPC, you can challenge claims by proving priority creditor status.
  • Outcome: Case can be dismissed or debt removed as creditors cannot bypass your claim.

Benefits of Secure Party Creditor Status

  • Avoid unlawful taxes and fines.
  • Stop unlawful foreclosures and maintain control over your identity.
  • Establish legal standing and challenge jurisdiction effectively in court.

SPC Process Details

  • Documents Required:
    • UCC1 Financing Statement
    • Security Agreement
    • Hold Harmless and Indemnity Agreement
    • Power of Attorney over your Strawman
    • Affidavit of Status and Fact
  • Filing: Submit to county recorder's office and state/federal agencies.
  • Court Proceedings: Challenge jurisdiction and present your SPC status effectively.

Endorsing Bills and Accepted for Value

  • Endorsing Bills: Accept bills for value rather than paying traditionally.
  • Steps to Endorse: Write "Accepted for Value" and SPC details on the bill in red ink.
  • Benefits: Redirect debt obligation back to the system using your SPC status.

Accessing Credits from Endorsed Bills

  • Method 1: File a UCC3 to claim rights to credits.
  • Method 2: File a Treasury Direct Account Request.
  • Method 3: 1099A for claiming credits owed.

Conclusion

  • Being an SPC means operating as a private creditor, not a debtor.
  • Importance of understanding and accurately filing all necessary documents.
  • Future revelations on related processes like the EFTPS system.

Final Thoughts

  • Understanding and utilizing SPC status can fundamentally change your financial and legal interactions.
  • Emphasized the need for education and proper execution of the process.
  • The speaker will continue to provide more detailed guidance on these processes in future videos.
  • Encouraged viewers to engage with the content and learn more about the secure party creditor process.

Full transcript