• US Legal Forms

California Undertaking By Personal Sureties (Attachment-Claim And Delivery)

State:
California
Control #:
CA-SKU-5893
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

Undertaking By Personal Sureties (Attachment-Claim And Delivery) California Undertaking By Personal Sureties (Attachment-Claim And Delivery) is an agreement between a creditor and a debtor that allows a creditor to attach a debtor’s property to secure payment of a debt. The debtor agrees to give the creditor a lien on the property in exchange for a promise by the creditor to release the lien if the debt is paid. The security interest in the debtor's property is held by the surety, who is usually a third party such as a bank, trust company, or other financial institution. The surety agrees to pay the creditor if the debtor fails to pay the debt. This type of arrangement is commonly used when a debtor is unable to obtain financing from a traditional lender. There are two types of California Undertaking By Personal Sureties (Attachment-Claim and Delivery): 1. Attachment: This type of undertaking allows the creditor to attach the debtor’s property in order to secure payment of the debt. The attachment must be done by a court order and the creditor must file a claim and demand for delivery of the property. 2. Claim and Delivery: This type of undertaking allows the creditor to make a claim against the debtor’s property and demand delivery of the property. The creditor must file a claim in order to make a demand for delivery. The court will order the debtor to deliver the property to the creditor, or it can order the debtor to pay the debt.

California Undertaking By Personal Sureties (Attachment-Claim And Delivery) is an agreement between a creditor and a debtor that allows a creditor to attach a debtor’s property to secure payment of a debt. The debtor agrees to give the creditor a lien on the property in exchange for a promise by the creditor to release the lien if the debt is paid. The security interest in the debtor's property is held by the surety, who is usually a third party such as a bank, trust company, or other financial institution. The surety agrees to pay the creditor if the debtor fails to pay the debt. This type of arrangement is commonly used when a debtor is unable to obtain financing from a traditional lender. There are two types of California Undertaking By Personal Sureties (Attachment-Claim and Delivery): 1. Attachment: This type of undertaking allows the creditor to attach the debtor’s property in order to secure payment of the debt. The attachment must be done by a court order and the creditor must file a claim and demand for delivery of the property. 2. Claim and Delivery: This type of undertaking allows the creditor to make a claim against the debtor’s property and demand delivery of the property. The creditor must file a claim in order to make a demand for delivery. The court will order the debtor to deliver the property to the creditor, or it can order the debtor to pay the debt.

How to fill out California Undertaking By Personal Sureties (Attachment-Claim And Delivery)?

Working with legal documentation requires attention, accuracy, and using properly-drafted templates. US Legal Forms has been helping people across the country do just that for 25 years, so when you pick your California Undertaking By Personal Sureties (Attachment-Claim And Delivery) template from our service, you can be sure it complies with federal and state regulations.

Working with our service is simple and quick. To get the required paperwork, all you’ll need is an account with a valid subscription. Here’s a quick guideline for you to find your California Undertaking By Personal Sureties (Attachment-Claim And Delivery) within minutes:

  1. Make sure to carefully examine the form content and its correspondence with general and law requirements by previewing it or reading its description.
  2. Search for an alternative formal template if the previously opened one doesn’t suit your situation or state regulations (the tab for that is on the top page corner).
  3. ​Log in to your account and download the California Undertaking By Personal Sureties (Attachment-Claim And Delivery) in the format you need. If it’s your first experience with our website, click Buy now to proceed.
  4. Register for an account, choose your subscription plan, and pay with your credit card or PayPal account.
  5. Decide in what format you want to obtain your form and click Download. Print the blank or upload it to a professional PDF editor to submit it paper-free.

All documents are drafted for multi-usage, like the California Undertaking By Personal Sureties (Attachment-Claim And Delivery) you see on this page. If you need them one more time, you can fill them out without re-payment - simply open the My Forms tab in your profile and complete your document whenever you need it. Try US Legal Forms and prepare your business and personal paperwork rapidly and in full legal compliance!

Trusted and secure by over 3 million people of the world’s leading companies

California Undertaking By Personal Sureties (Attachment-Claim And Delivery)