Texas Certificate of Retention of Debtor in Possesion

State:
Texas
Control #:
TX-B-2070
Format:
PDF
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Description

Certificate of Retention of Debtor in Possesion The Texas Certificate of Retention of Debtor in Possession (TRADE) is a legal document issued by the Texas Comptroller of Public Accounts that permits a business to remain in possession of its own assets despite being in debt. The purpose of this certificate is to give the debtor the opportunity to pay off their debts and remain in business. There are two types of Troops: a general certificate, which is valid for up to two years, and a special certificate, which is valid for up to four years. The TRADE must be filed with the Texas Comptroller and approved by the court before the debtor can receive the retention of possession. The certificate must be renewed every two years, or four years if a special certificate is granted. The Texas Certificate of Retention of Debtor in Possession is an important document for debtors in Texas and provides them with the opportunity to remain in business and pay off their debts.

The Texas Certificate of Retention of Debtor in Possession (TRADE) is a legal document issued by the Texas Comptroller of Public Accounts that permits a business to remain in possession of its own assets despite being in debt. The purpose of this certificate is to give the debtor the opportunity to pay off their debts and remain in business. There are two types of Troops: a general certificate, which is valid for up to two years, and a special certificate, which is valid for up to four years. The TRADE must be filed with the Texas Comptroller and approved by the court before the debtor can receive the retention of possession. The certificate must be renewed every two years, or four years if a special certificate is granted. The Texas Certificate of Retention of Debtor in Possession is an important document for debtors in Texas and provides them with the opportunity to remain in business and pay off their debts.

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Texas Certificate of Retention of Debtor in Possesion