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You issued the credit. They are suing your strawman and you are benig a bad trustee by not demanding setoff the asset you gave them . That asset is the original security interest you signed. They owe the issuer (you and your signature ) a refund. Tell them to do a setoff using the amount owed to you in accounts payable or it might be recorded as an off-balance sheet liability. Either way they owe you money. Whoever takes the liability for it is the issuer of the credit.
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