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Validation of debts. Debtor verification provides valuable information on the status of an invoice and signals a warning when receivables are disputed or goods are undelivered.Although the petition must also be verified, counsel for the debtor must sign the petition. Before sending your name to TOP, the agency must determine that your debt is valid and legally enforceable. The Fair Debt Collection Practices Act requires debt collectors to send this validation notice. Where does the debtor sign on the UCC1 form? NOTE: Court clerks cannot provide assistance in completing these forms. The creditor will sell your debt to a collection agency for less than face value, and the collection agency will then try to collect the full debt from you. The creditor will sell your debt to a collection agency for less than face value, and the collection agency will then try to collect the full debt from you. Debtors also benefit because the notice system helps them obtain business funding.