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In this video, consumer protection lawyer John Watts discusses the bill of sale and assignment, focusing on how these documents are often one page long and typically attached to lawsuits when debt buyers pursue individuals. He refers specifically to a bill of sale from Citibank to Calvary SPV I LLC, emphasizing that this document serves as proof of debt ownership. Watts highlights that the bill of sale indicates the transaction occurred on October 25th and confirms that Calvary purchased the debt from Citibank for value received, although the details regarding the terms and conditions are not elaborated upon.