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NCS COVID-19 State and County Updates
February 22, 2021
Can a UCC be “revived” if you knowingly fail to timely file an amendment for a debtor’s name change? Minnesota Bankruptcy Court says no. Today’s post reviews an ongoing case …
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January 11, 2021
The events of 2020 will not soon be forgotten. A year that began with hope and optimism was quickly darkened by a pandemic that locked down economies for weeks and …
November 16, 2020
As the economy struggles to realign in a time of pandemic and political uncertainty, businesses are scrambling and struggling to keep the supply chain in motion, but the financial risks …
November 9, 2020
OK, so “trickle-up effect” may not be a thing, but retail bankruptcies are on the rise and the impacts aren’t limited to the suppliers of inventory and the retail employees. …
November 2, 2020
In the spring of 2018, Fulcrum BioEnergy, Inc. (Fulcrum) announced the start of site construction for the second phase of the Sierra BioFuels Plant (Sierra). With over $15,000,000 in mechanic’s …
October 19, 2020
In 2018, West Palm Beach held a groundbreaking ceremony for Flagler Banyan Square, a mixed-use construction on the site where its city hall once stood. Flagler Banyan Square (Flagler) in …
September 28, 2020
With a properly perfected security interest, your UCC filing provides you with the right of recovery, including repossession of collateral. You can repossess collateral if you can do it without …
September 14, 2020
Purchase Money Security Interest (PMSI) Filings were created to encourage trade creditors to sell goods on credit terms, specifically in situations when creditors may not be comfortable extending the requested …
June 15, 2020
It’s “officially” unofficial, we are in another recession. Think back to 2008 and you’re sure to remember the painful increase in debtor defaults and bankruptcies; virtually no creditor’s AR escaped …
March 30, 2020
A personal guarantee (PG) is an individual’s legal promise to repay credit issued to a business for which they serve as a representative. Then, in the event the business is unable to …
March 19, 2020
If you extend credit, you are vulnerable to risk — whether furnishing to a single construction project or selling on revolving terms. This vulnerability grows exponentially in the midst of …
March 16, 2020
A perfected security interest is nothing without a collateral description. A properly perfected security interest requires compliance with Article 9, which includes a Security Agreement and the subsequent filing of …
Education Center
Education Center