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NCS Credit Blog

Stay up to date with the latest articles on Collections, Notice & Mechanic's Liens, UCC Filings, and Industry Trends for your business.

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UCC Continuation Rejected? Now What?

Clerk of Courts Rejected UCC Continuation Because Filing Had Already Been Continued What happens when you file a UCC-3 to continue your security...

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Consignment UCC Filing: A Crucial Aspect of Bankruptcy Law

Consignment UCC Filings and the Sports Authority Bankruptcy A company selling on consignment takes an unnecessary risk when it forgoes filing a UCC-1...

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Filing UCCs: Tips for Secured Parties

UCC Filings: Top Tips for Secured Parties Facing Possible Debtor Name Change As all secured creditors know, maintaining perfection of their security...

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Articles of Incorporation & Their Importance for UCC Filings

Why do I Need to Pull the Articles of Incorporation? Clients frequently ask: “My customer’s name is on our agreement and I ran a query on the...

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Ontario PPSA Amendments

The 2006 Amendments are Coming to Fruition for the Ontario PPSA The 2006 amendments to Ontario’s Personal Property Security Act (PPSA) are set to...

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Creditor’s UCC Collateral Description Mistake

Creditor’s OMEGA Mistake Started with the Collateral Description in Its UCC Filing In Omega Optical, Inc. 476 B.R. 157 (Bankr. E.D.Pa. 2012)...

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Is Art Worth More if a UCC-1 is Never Filed

Is Art Worth More if a UCC-1 is Never Filed? Is art worth more if the UCC-1 was never filed? Yes, I’m asking the hard hitting questions of our time....

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RUG: Secured Transactions in Mexico

Secure Your Receivables in Mexico via the RUG Historically, Mexican companies have had difficulty securing financing from foreign banks, primarily...

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The Benefit of UCC Filings

The Benefits of Secured Transactions and Article 9 of the Uniform Commercial Code The subjectivity in evaluating credit worthiness magnifies the need...

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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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