Bankruptcy Payout Priority – Secured Creditors Make Bank As a credit professional, you’ve likely heard this once or twice: “It’s better to be a secured creditor than an unsecured creditor.” After all, credit is how the majority of us do business in...
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Avoiding Potential Pitfalls When Entering into a Subordination Agreement What is Subordination? Subordination is “the process by which a creditor...
In the Field of Mechanic’s Liens, a Small Spelling Error has Large Price Tag Mechanic’s Lien laws are notoriously complex and courts across the...
What Are Joint Check Agreements? No, it has nothing to do with twisting your arm while depositing a check at the bank, although I’m certain some may...
The Impact of Debtor Name Errors in UCC Financing Statements Perfection of a security interest involves drafting and executing a sound security...
No Preliminary Notice? No Mechanic’s Lien for You About 40 states require a preliminary notice be served upon the owner of the property on which the...
Collections, Collections, Collections It doesn’t matter how it’s said or how often it’s said, the word “collections” often elicits a negative...
The Art of Drafting an Impeccable Security Agreement for Your UCC Filing Today we take a field trip to the Museum of Art and examine “Starry Night”...
How Do I Recover? Congratulations, you filed a UCC to position yourself as a secured creditor! Unfortunately, your customer has defaulted on...
What Are Liens on Funds, Stop Notices, and Public Improvement Liens? A Lien on Funds (in some states referred to as a stop notice or public...
