Process whereby a creditor receives money or property held or owned by the debtor.
What is garnishment.
100
A set of facts agreed to by both parties that can’t be disputed or changed at a later date.
What is recital
100
The process, in which, we black out personal information done to protect the customer's security.
What is redaction.
100
This is a lease where the payments made by the lessee to the lessor reflect the value of the use of the property during the lease period.
What is Operating or True Leases.
100
This is a common Motion requesting the Court grant relief from the claims to the party filing a motion, and requires a finding that there are no material fact matters in dispute.
What is Motion for Summary Judgment.
200
The process of filing a judgment in a new jurisdiction.
What is domesticating.
200
An agreement not to do something that JDF is otherwise entitled to do.
What is a forbearance agreement
200
DAILY DOUBLE
This may be set aside as preferential, if obtained within the 90 day preference period after bankruptcy is filed.
What is Judgment Lien
200
A Lessee always classify a lease the same as JDF for tax purposes.
What is No.
200
This form is used to modify the terms of the initial retail note, typically to extend or revise payment schedules or to re-amortize after partial payoff of a note balance.
What is Modification Agreements
300
This process prevents any execution or garnishments to collect on a judgment.
What is Automatic Stay.
300
Typical language in an agreement that describes claims and actions the customer is giving up.
What is broad release
300
This document has language stating that all customers own equipment, pledge a security interest in the equipment, and are obligated on the debt owing to Deere/JDCFC.
What is a Retail Note.
300
The proper entity for all JDF lease accounts.
What is Deere Credit, Inc.
300
The time period imposed by statute (State or Federal) for filing of certain types of claims.
What is Statute of Limitations.
400
What determines judgment interest rates?
What is the state law.
400
An action to enforce its security interest or to collect an account balance, JDF may be approached by the customer to enter into this to resolve JDF's claims.
What is Settlement Agreement.
400
This provision in our contract provides that equipment is pledged for all debts owed to Deere, and all equipment previously pledged secures obligations under a new note.
What is Cross-Collateralization Provision.
400
What type(s) of lease(s) contain the residual value in the buyout quote.
What is operating and finance lease.
400
Typical time for notice of hearing/objections to be filed.
What is 20 days.
500
***DAILY DOUBLE***
Present value of future due, past due rental, property tax, late fees, repo fees, legal fees, minus security deposit calculate which type of lease?
What is an Operating Lease Calculation.
500
Failure to make specified payments within a settlement agreement is known as this.
What is a default
500
An act that would allow outside counsel to represent other creditors in a matter, in which, JDF is involved.
What is Waive of Conflict
500
A clause that is in included in the JDF Master Lease Agreement that provides payments must be made irrespective of any Product Liability Claim asserted against Deere & Company or JDC&F.
What is Hell or High Water
500
A Plaintiff (or Defendant to a Counterclaim, Cross Claim or Third Party Complaint) can obtain this if the other party fails to timely file a response to an underlying pleading.