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Account
Dashboy,
A Letter of Credit might be needed if you wanted to buy something outright with a BoE, but I don't think it's needed to extinguish a debt if the BoE is drawn on the UCC Contract Trust Account at the Treasury. Not 100% sure, though. Jerseee is right: BE CAREFUL. Big Brother's minions will jump at the chance to nail you if you make a mistake. This problem has unfortunately been exacerbated by quick-fix-seeking people submitting junk paperwork to various agencies and misusing these instruments.
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