Discover the latest credit services information

Typically, the first furnishing date will dictate the deadline for the Notice, whereas the last furnishing date will dictate the Mechanics Lien/Bond Claim and Suit.

The proper spelling of a debtor’s name on a UCC filing is one of the most fervently litigated UCC issues. Sometimes the mistakes are costly

This case illustrates how a simple mistake, due to confusing language in statute, can lead to losing your mechanic's lien rights.

A key issue was whether the language describing specific heavy machinery and “all proceeds thereof” was sufficient to include the debtor’s accounts and A/R.

The Summons and Complaint is a legal action which requires all lien claimants to join in the foreclosure action within a specific time frame.

Did your customer's name change? You have 4 months to amend the UCC filing to maintain compliance under UCC Section 9-507(c).

Missing this step could render your mechanic’s lien or bond claim unenforceable: proper service of the preliminary notice.

A case involving Schwinn Cycling and Fitness, Inc.*, is a great example of why you should file a UCC even if your security interest is temporarily secured by possession.

The Proof of Claim is filed by creditors, in order to notify the bankruptcy court there is money owed to them by the debtor.

Don't lose your lien rights for failing to meet the statutory requirements. Learn how one material supplier's mistake cost over $100K.