Use of UCC Filing for Items Purchased on Credit Card

Use of UCC Filing for Items Purchased on Credit Card

"Will"	12/7/2004 9:51:48 PM
Can you use a UCC filing (and is it advisable to do so?) for a customer that purchases a large ticket item using credit card? Credit card is an unsecured payment method and in the event a chargeback, followed by bankruptcy, the question becomes how do you get back the item that you sold, as partial or full reimbursement for the debt? Does UCC help with this? Our assumption is that the UCC would be held for about 14 months from the date of payment by credit card, after which chargeback on the credit card is no longer allowed (AMEX allows Platinum card holders up to 12 months to dispute a charge). -- Will Internet: westes at earthbroadcast.com



"Will"	12/14/2004 5:05:22 AM
movements have existed prior to modern leftism. This is a significant question to which historians ought to give their attention. NOTES 1. (Paragraph 19) We are asserting that ALL, or even most, bullies and ruthless competitors suffer from feelings of inferiority. 2. (Paragraph 25) During the Victorian period many oversocialized people suffered from serious psychological problems as a result of repressing or trying to repress their sexual feelings. Freud apparently based his theories on people of this type. Today the focus of socialization has shifted from sex to aggression. 3. (Paragraph 27) Not necessarily including specialists in engineering "hard" sciences. 4. (Paragraph 28) There are many individuals of the middle and upper classes who resist some of these values, but usually their resistance is more or less covert. Such resistance appears in the mass media only to a very limited extent. The main thrust of propaganda in our society is in favor of the stated values. The main reasons why these values have become, so to speak, the official values of our society is that they are useful to the industrial system. Violence is discouraged because it disrupts the functioning of the system. Racism is discouraged because ethnic conflicts also disrupt the system, and discrimination wastes the talent of minority-group members who could be useful to the system. Poverty must be "cured" because the underclass causes problems for the system and contact with the underclass lowers the moral of the other classes. Women are encouraged to have careers be



horrigan@aol.com (Horrigan)	12/22/2004 5:53:02 PM
Credit card is an unsecured payment method and in the event a chargeback, followed by bankruptcy, the question becomes how do you get back the item that you sold, as partial or full reimbursement for the debt? Does UCC help with this? Actually, a chargeback would be kind of unnecessary before bankruptcy, since the debts get discharged anyway. You could challenge the chargeback when it happens. You could demand cash payment or return of the item after the chargeback (though you might not get what you want.) I suppose you could even challenge the bankruptcy. Right now, you could try to address this issue in a contract with the buyer. You could also use a means of payment other than credit card. *** Tim Horrigan <horrigan@aol.com> ***

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