Consignment Agreements vs. Retail Bankruptcy: UCC Advantages
Are Your Consigned Goods Protected in a Retail Bankruptcy? Picture this: a retail partner you have supplied to for years files for Chapter 11. You...
Bankruptcy
Differences Between Conditional & Unconditional Lien Waivers
Conditional lien waivers protect your rights until payment is received and cleared. Unconditional lien waivers release your rights as soon as you...
How to Secure Credit with UCCs as Default Rates Rise
What's Happening with Rising Business Defaults If you extend credit to other businesses, the economic landscape right now is worth paying attention...
What Is a Bankruptcy Proof of Claim?
A bankruptcy proof of claim is a formal document that allows a creditor to assert a right to payment in a bankruptcy case. It identifies how much is...
Chapter 7 vs Chapter 11 Bankruptcy
The primary difference between Chapter 7 vs Chapter 11 is whether the bankrupt entity intends to continue operating after it exits bankruptcy. An...
UCC Filing Myths
The 6 Myths of UCC Filings: Big Foot, a Unicorn, and a UCC Financing Statement No, wait – not the right joke. Let’s try again. Big Foot, Unicorns &...
Reduce the Need for Collections with UCC Filings
Filing UCCs Will Reduce the Need to Place Accounts for Collections Did you know UCC filings reduce collection needs? It’s true. How? Well, Article 9...
Bankruptcy Proof of Claim: Don’t Forget!
Bankruptcies Are on the Rise; Remember Your Bankruptcy Proof of Claim It’s “officially” unofficial, we may be heading into another recession. Think...
Blanket Filing or PMSI Filing
Should You Use a Blanket Filing or a PMSI Filing? There are primarily two types of secured transactions under Article 9 of the Uniform Commercial...
The Competitive Advantage of UCC Filings
Did You Know UCCs Give You a Competitive Edge when Extending Credit? UCC Filings Promote Commerce In 1952, the Uniform Commercial Code (UCC) was...