I clicked on the link at the bottom of the post by asprogram and saw I am now part of the ASProgram advertising. I don't know if I should be elated or sad. <g>. I also was happy to read I was correct about the UCC-1 as the basis of their program.
The last paragraph on the page reads:
Boomershout: When I ask about other details of the service
Tom ask me If I needed a shield? When I told him no he said
that the rest of the information was proprietary and only given to
purchasers of a Shield. So if you need a shield you’ll just have
to call 502-777-5252 for the details of the program.
I also surfed their site one more time and really didn't see much information so I guess Tom's remark in the above paragraph are 100% on the mark. The information is proprietary. I would suspect a bit more information could have been past to Boomershout without violating the integrity of the program. After all, when you talk with your lawyer, doesn't he usually lay out the scenario? Does he do that so you can do it yourself or does he do it so you know what is ahead of you for that particular action? On the other hand, I do know what isn't proprietary. Information from your Secretary of State on UCC-1 filings.
Generally, the UCC filing is a separate office and they have a pamphlet explaining how to file and the associated fees. The pamphlets, in my experience, are free and only a phone call away. This by itself doesn't mean you will do the same thing as the asprogram, if indeed the asprogram actually works. However, it will give you rudimental UCC-1 knowledge.
I did ask a lawyer friend of mine to visit the asprogram site. He didn't say one way or the other but did mention the lack of information concerned him.
By no stretch of the imagination am I saying this program won't work. I am saying I would like more details than what have been provided. For example, releasing a UCC-1 filing is as easy as instituting one. The legal paperwork is available from the same Secretary of State office. How you word both the filing and release is another matter of course. I'll leave that for anyone who cares to do the research.
I do know about alter ego and sham filing accusations regarding filings of documents to avoid obligations. The court has a wide latitude to look at each situation and determine its true character. You can call a program, a court filing or a piece of paper anything you so desire, but it when his honor looks at it and calls it something else, it is instantly transformed into that something else. That becomes the starting point for any subsequent actions.
Oh well, just my 2¢ on asset protection.
A question to asprogram: The AP article says it is copyrighted and cannot be reprinted. Do you happen to have a release from the AP for the reprint? I raise the question becuase destroydebt.com may have a potential liability they shouldn't have to face. If you do not have a release, I will delete this post. I will wait three days for your answer.
Thank you.
This is an AP story that can not be republished without permission. I have deleted it and linked to the story instead.
here is my question, why would you get an ajustable rate mortgage instead of a fixed one? That doesnt make any sense to me.... It would seem that one would want to get a rate that he can count on, instead of risking paying a whole lot more in the future.
