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No Preliminary Notice? No Mechanic’s Lien for You

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 contractor, subcontractor, or materialman is either performing work or furnishing materials.

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Past Due Accounts and Commercial Collections

Collections, Collections, Collections It doesn’t matter how it’s said or how often it’s said, the word “collections” often elicits a negative...

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Crafting a Perfect Security Agreement for Your UCC Filing

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”...

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Customer Defaults? Your UCC Filing Can Help You Recover

How Do I Recover? Congratulations, you filed a UCC to position yourself as a secured creditor! Unfortunately, your customer has defaulted on...

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Liens on Funds, Stop Notices, and Public Improvement Liens

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...

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Articles of Incorporation: Not Just for Name Verification

Articles of Incorporation: Not Just for Name Verification Do you know that if your customer changes their name you must amend your UCC filing or your...

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Furnishing Dates and Lien Deadlines

Understanding Furnishing Dates and Lien Deadlines

Understanding Furnishing Dates and Lien Deadlines: First, Last, and Completion When securing your receivables through the Mechanics Lien & Bond Claim...

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Impact of Accurate Debtor Names on UCC Security

Omission of “Inc.” Left Security Interest Unperfected The proper spelling of a debtor’s name on UCC Financing Statement is currently one of the most...

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Critical Role of Preliminary Notice in Mechanics Liens

Oklahoma Case: Lack of Preliminary Notice Leads to Invalidated Mechanics Lien Mechanics Lien laws are rarely straightforward and courts across the...

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Collateral Description in UCC Filings: a Case from Tennessee

Collateral Description in UCC Filings: a Case from Tennessee A recent case decided by the Sixth Circuit Court of Appeals, 1st Source Bank v. Wilson...

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