[Music] and welcome back to facts your fries make sure you hit the thumbs up button you're subscribed and ring that bell for notifications so next time from your video you can be in the live chat with everyone else and leave a comment in the comment section tell me what you think and wouldn't you know it justin everett is still at added with his spc and status correction all over again more here this is like uh trying to like i got some lighting i got some green screen uh hopefully a couple things were on the way yes we hope a couple things are on the way because a lamp with no shade on it is not new lighting and a curtain is not a green screen just just so you know just so the first thing i want to do is i want to talk about um i wanted to talk about a couple books that i just got so these books right here um these books i literally just got about a week ago um after i got off work um these are great books to have i'm not going to talk the main reason i'll get on here is that talking about status correction and uh correcting your stats that's that's the main reason why i'm on here i am trying uh i do have the lighting up it looks a little better you can actually see me now yes we can actually see you now i don't know if that's a good thing or a bad thing justin i really don't but speaking of books i found a few that you might be interested in how about this one right up your alley isn't it justin sounds about right how about this one yes that's a perfect book for you and this one i think i got them all justin just for you there's another book free yourself from legal tyranny this is a good book uh it's about it's about 100 pages about 60 pages so let's see here 65 page um so it's about 65 pages this book is written by a man who obviously knew about what was going on um i'm trying to find the author uh just the words uh words uh it's about national libertyalliance.org um this really talks about a lot of stuff in here about your birth certificate so it talks about what your birth certificate really is how you're the beneficiary to the name that's on all caps you are an idiot um this is a great book if you're just starting out if you just start to read beginning on your journey with this stuff this is a book right here you definitely want to go grab definitely a good book um you want to grab this this is a great book really what could be more interesting than this so status correction right status correction or secure party cutter that's more if you call it uh status correction okay so i belong to more science temple uh you can't just follow ucc one so whoever's out there saying that has not studied enough um it isn't knowledgeable enough to speak about uh the process because they don't have enough information um and they just know the bare minimum all right let's get somebody who knows what they're talking about on this because justin all i heard you say was what i'm going to talk about today is uh secured creditors what is a secured creditor how do you get to be a secured creditor all right and just so we don't have justin questioning everything what are your credentials sir certified bankruptcy specialist in los angeles california i also am a professor adjunct professor at the university of west los angeles all right you sound qualified enough let's hear it sir what is what does it mean to be a secured creditor it's a very important concept whether a creditor is secured is sort of the tail wagging the dog in in the bankruptcy uh a secured creditor can and often does ignore the bankruptcy so when when we talk about how do you get to be a secured creditor i want to tell you in advance that it's very technical and the attitude of bankruptcy judges is that the creditor has to do it exactly right there's no you can well i was close you know the the the being having a lien on property gives you such an advantage over everybody else that if you didn't do it right you didn't create the lien get it attached to the property correctly then you're not secured you're unsecured like everybody else which means the asset can be sold by the trustee and the money distributed to everybody else all right yeah yeah you see what i told you see this guy's making sense so how do you get to be a secured creditor well there's two ways uh the first way generally speaking is called a voluntary lien so the debtor the person that owes the money voluntarily gives the creditor a lien and then there are involuntary liens involuntary lanes are created by law by the government by our congress in washington dc is created lanes for example in favor of the irs you know the state of california has created a whole bunch of liens so they're voluntary and involuntary so let's talk about volunteering that's why i like teaching law i'll tell you because i'm going to tell you in two sentences basically how you get a voluntary lien that applies in most cases on almost all cases really at the same time i could write a 500 page book article on that would that would flow from these two roles i'm going to give you like a tree you know there's exception after exception after exception uh but but the two rules i'm going to give you apply almost all the time so what are they rule one there has to be a written agreement that describes the collateral usually it's called a security agreement but it's a document i i give you a lien i agree that if i don't pay that loan back uh you can grab my car and sell it and take the proceeds all right so there has to be a written agreement with some exceptions that i might mention in a minute uh and rule two the agreement has to be properly perfected the creation of the lien has to be properly perfected that is very complicated uh you know for you lawyers out there somebody comes to you and says i'm going to loan my brother-in-law money you know do the paperwork it's going to be secured by his business because like her license run the other direction i would personally never take a case like that because there is so much chance that i wouldn't do it exactly right and if you don't you're not secured you're unsecured all right so that this perfection how what what how do you what does that mean perfect a lean the general idea is that perfection is doing something almost always filling out a form and recording it somewhere the idea behind the form and recording it somewhere is to tell the world that there's a link give notice so that the next guy who's gonna loan money on the same asset can find out whether there's already a lien or not so there's an agreement that is properly perfected so let's think of an example i want to borrow ten thousand dollars from my partner matt resnick he has a lot of money you know so matt can you loan me ten thousand dollars and he says well john what what's you know what what are you going to give me for collateral i say you don't trust me you know i'll pay you back no no no i want collateral all right well i'll give you my truck i have a truck worth ten thousand dollars i'll give you my truck is collateral so he says all right do the paperwork what's the paperwork we have to have a written agreement one page i hereby agree that matt resnick has a security interest has a lien on my truck here's the identification number to lean the bin number whatever he signs that i sign it then we have to properly perfect that how do you perfect a lien on a vehicle well you do it at the department of motor vehicles that mean at least in california i don't know exactly how you do it anywhere else so we sign the agreement and we fill out some form and take it to the department of motor vehicles i've never done that i don't know i mean you buy a car from toyota you know and toyota does all the paperwork but one of the things they do is they record something at the department of motor vehicle and that perfects the that you gave them [Music] when toyota motor credit agreed to loan you the money to buy the vehicles all right what what about a house matt says you know i don't know about that truck you might hide it or something give me only uh uh i want to lean on your house it's the same thing we need a you need a written agreement i'll give you a lien on my house and something has to be recorded so the way that's done is the form is called the deed of trust and the data trust identifies the property it says i give matt wrestling colleen and the deed of trust that's the agreement i sign it i have voluntarily giving him a lien on my my house that date of trust is taken to the county recorder's office in norwalk and recorded that perfects the lien that i gave him uh in the deed of trust in the security agreement in this case called the deed of trust what about now they're common you go to the bank and you you want to get a loan and you say i'll give you a lien on my accounts receivable i'll give you a lien on my equipment i'll give you a lien on my business you know well same thing there's a document called the security interest it describes the property accounts receivable equipment furniture intangibles uh i sign it the borrower signs it what how do you perfect that it's a form called a ucc one and that's recorded at secretary of state's office in sacramento my many thanks to you professor i appreciate all of your words of wisdom on a secured party creditor unlike what justin was trying to explain what do you have to say now justin um you know i'm not going to show my mind because it's just something but it's private so um green screen in the back though i have my lighting now you can see me i'm getting green screen i already got green screen my lighting's right you can see me now every time i see you it makes me wish that birth control was retroactive it's bs you know what i'm saying this is stuff is real it's the matrix there is a real thing this government is a corporation it's a business yeah you have to separate yourself from you can still operate it operate in peace until you deter you from otherwise and more is not a religion by the way but people are too stupid to take the time out to figure that out um it's a nationality not a religion you can go deeper into it with religion but you don't have to you can just correct your status and be done yeah correct your status and be done but wait a second more is a nationality huh because every more science temple i've talked to say it's a religion so what nation what country is more from please please let me know in the comments um yes there is a lot of disclosure you have to sign because obviously there's very bad people out here and i want to know who i'm dealing with and i want to make sure that your documents are confidential protected my information is protected what i'm telling you is protected so a certain way that i move you know what i'm saying you can't fix stupid and thanks for joining us on facts or frauds make sure you hit the thumbs up button you're subscribed and ring that bell for notifications and leave a comment in the comment section tell me what you think and many thanks to all of our members i appreciate each and every one of you juanishi if you'd like to become a member just hit that join button right next to subscribe [Music] for everyone watching and subscribing now wanishi thank you i will see you soon [Music] you