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North Carolina Notice to Lien Agent

North Carolina: the Lien Agent & the Notice The mechanic’s lien law in North Carolina experienced a rather large change in April 2013: the introduction of the Lien Agent. I would like to believe that the Lien Agent is a super-secret spy infiltrating...

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Protect Your Consignment Sales

Protect Your Consignment Sales with UCC Filings If you allow customers to have possession of goods under a “consignment” agreement prior to the...

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Recovery via Judgment Liens

Will I Ever Receive Payment on Old Judgment Liens and Mechanic’s Liens? Will you receive payment on old judgment and mechanic’s liens? Short answer:...

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Serve Notice After First Furnishing

Serve the Preliminary Notice AFTER You Begin Furnishing Did you know some states require the preliminary notice to be served after you begin...

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Accurately Indexed UCC Filing

Accurately Indexed UCC Filing: Conduct a Reflective Search After Every UCC Filing Obtaining a reflective search is the best practice to make sure the...

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Bankruptcy Payout Priority – Secured Creditors Make Bank

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...

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What is Subordination?

Avoiding Potential Pitfalls When Entering into a Subordination Agreement What is Subordination? Subordination is “the process by which a creditor...

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Small Mistake High Price in Mechanic’s Liens

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...

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What Are Joint Check Agreements?

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...

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Debtor Name Errors in UCC Filings

The Impact of Debtor Name Errors in UCC Financing Statements Perfection of a security interest involves drafting and executing a sound security...

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