The Uniform Commercial Code (UCC) provides a central location in Maryland for filing a public notice of a secured transaction. A judgment creditor may ask the court to seize your property in order to pay a debt for which the court has issued a judgment.We hold no interest in it, and aren't going to be receiving any of the proceeds. An action to foreclose a mortgage or deed of trust on residential property may not be filed until the later of: (i) 90 days after a default. Therefore, you must be prepared to hold onto your investment for a long time. (e) Your interest in the company is unsecured and is an uninsured debt obligation. Cooperative apartment owner. The Offer in Compromise (OIC) Program allows you to settle your tax debt for less than the full amount you owe. Collateral must have documented value sufficient to protect the interest of the lender and the Agency.