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June 3, 2019
The more you understand about bankruptcy and the bankruptcy process, the greater chance of preserving your rights as a secured creditor and ultimately receiving payment. A secured creditor has a …
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May 20, 2019
You should always perform a reflective search on each UCC filing to ensure your filing was indexed correctly. Through a reflective search you are likely to quickly catch errors in the …
May 17, 2019
We know strict compliance with Article 9 is vital in perfecting your security interest. Collateral descriptions can be a tricky business; don’t be too specific or too vague. Fortunately for …
May 10, 2019
Consignment creditors in the Sports Authority bankruptcy have been dealt a crushing blow with the Court’s recent decision: Sports Authority was not “substantially engaged” in consignment sales. What does the …
March 25, 2019
In compliance with Article 9 of the Uniform Commercial Code, trade creditors can achieve a properly perfected security interest with a sound security agreement and the proper filing of a …
March 11, 2019
If reducing your DSO, mitigating your risk and improving working capital aren’t reason enough to file UCCs, I’ve compiled a list of a few more reasons. Five more reasons! A …
February 11, 2019
As originally published in the Credit Research Foundation 3Q 2018 CRF News Small businesses are a critical component of the American economic engine, contributing about half of the gross …
February 8, 2019
At the end of 2015, Ontario enacted the 2006 Amendments to its PPSA and, as predicted, other provinces are slowly following suit. At the end of 2018, the Saskatchewan …
January 14, 2019
A Blanket filing is a security interest in all the assets of your customer on a non-priority basis, eliminating potential conflict with your customer’s primary lender. The priority or payout in a …
December 17, 2018
As originally published in the Credit Research Foundation 4Q 2018 CRF News Businesses file for bankruptcy protection; it is an unfortunate and uncontrollable reality. Considering the likelihood of debtor default, …
November 30, 2018
What happens to a security interest when the collateral description within the Financing Statement says, “see attached Security Agreement,” but the Security Agreement isn’t filed with the Financing Statement? The …
November 26, 2018
The accuracy of your Security Agreement can make or break your properly perfected security interest. Compliance with Article 9 of the Uniform Commercial Code must be precise. Don’t fall victim …
Education Center
Education Center