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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.

Bankruptcy (2)

UCC Filings: Does DBA Matter?

Does “d/b/a” Really Make a Difference in UCC Filings? One of the most common — and most preventable — mistakes creditors make when creating a...

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Importance of Writing Effective UCC Collateral Descriptions

Avoid Being Too Specific or Too Vague in UCC Descriptions of Collateral The Case: IN RE PROVIDERX OF GRAPEVINE, LLC – BANKR. COURT, ND TEXAS, 2013.

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Bankruptcy Proof of Claim Is Late

“Judge, My Bankruptcy Proof of Claim is Late, But I Have a Good Reason!” And What’s the Reason? “Um, I Forgot My Password.” We’ve discussed...

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Bankruptcy Proof of Claim: What if It’s Late?

What Happens to Your Claim if Your Bankruptcy Proof of Claim is Late? Bankruptcy proofs of claim are your key to ensuring the Trustee is aware of...

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UCC Filings Work, Here’s a $95,000 True Story

Yes, UCC Filings Work, and Here’s a $95,000 True Story With a properly perfected security interest (aka UCC filing), you can recover funds (or...

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Survey: Securitization on A/R During the Pandemic

Credit Research Foundation Survey: The Use & Impact of Securitization on A/R During the Pandemic Originally published in The Credit Research...

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Loves Furniture Bankruptcy & Mechanic’s Liens

Loves Furniture, Taking Mechanic’s Liens to the Mattresses In January 2021, Loves Furniture, Inc. (Loves) filed for Chapter 11 bankruptcy protection....

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Malls and Tickle-Up Effects of Retail Bankruptcies

Shopping Malls Suffering From Bankruptcies OK, so “trickle-up effect” may not be a thing, but retail bankruptcies are on the rise and the impacts...

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Out of Shape? The ’24 Hour Fitness’ Financial Failure

Out of Shape? The ’24 Hour Fitness’ Financial Failure In June, 24 Hour Fitness, a national gym chain, filed for Chapter 11 bankruptcy protection;...

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Your Credit-Granting Processes & COVID-19

The Impact of COVID-19 on Your Credit-Granting Processes We recently asked our clients whether the COVID-19 pandemic is impacting their...

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