Question:
Debtors location for filing is
Author: Parker KirkpatrickAnswer:
If an individual, where that person’s principal residence is If an organization, and only has one place of business, then where that business is located If an organization, and more than one place of business, then where its CEO office is located If a registered organization that is organized under the law of a state then it is located in that state • A registered organization means an organization formed or organized under the law of a single State or the United States by filing a public organic record is located in that State. If the place of business is located outside the US then located in the place • If they are located somewhere where they care about secured transactions then they are located there (Canada does except for Quebec) • BUT! If a (person) debtor lives somewhere, or an (organization) debtor is located somewhere – in some jurisdiction – where they do not recognize secured transactions, [i.e., Part 1 does not apply], then ignore all that information about where a debtor lives/domiciled, and say, DISTRICT OF COLUMBIA Where a person ceases to exist, have a residence, or have a business, they still continue to be located in the jx that they began with
0 / 5 (0 ratings)
1 answer(s) in total