2 min read
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...
Bankruptcy (7)
2 min read
Collectability of an Unsecured Collection
Have you ever wondered “Is my unsecured collection collectable?” “Is this past due, unsecured account even collectable?” It’s a common question in...
2 min read
If or When, Contingent Payment Clauses
Payment Clauses: Pay-IF-Paid or Pay-WHEN-Paid It’s hard to believe that two small words, with seemingly “useless, yet endless” functionality, can...
2 min read
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...
2 min read
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...
3 min read
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...
1 min read
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...
2 min read
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...
2 min read
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...
1 min read
Importance of Monitoring Debtor Name Changes on UCC Filings
How Can Creditors Protect UCC Filings from Name Changes? If a name change by a debtor makes a filed financial statement “seriously misleading,” UCC...