What Do Redeemed/Cancelled Debt Instruments Look Like?
What is the Problem?
This week's question has been raised by many people including Jake from Colchester, Essex. Jake says:
"You've mentioned redemption and the need to get original documents back from the Banks. What should we do with these documents if and when we get them back?"
What To Do
When we speak about debt, the debtor should always follow the note (instrument). In other words, the debtor pays whomsoever holds the note.
Once a debt has been "paid", the associated instrument or...
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