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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 …
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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 …
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 …
November 16, 2018
A properly perfected security interest is nothing without a collateral description. In fact, it’s not properly perfected at all – it’s unperfected. A properly perfected security interest requires compliance with …
May 21, 2018
In 2014, M&T Bank (M&T) loaned B&M Hospitality (B&M) $85,000. In consideration of the loan, M&T executed a Security Agreement and filed a UCC-1, identifying the collateral as B&M’s …
March 5, 2018
Yes, that’s right. It’s yet another case of an unperfected security interest because the creditor failed to comply with Article § 9-503. In a fight for priority, a creditor claimed …
July 17, 2017
3-in-3 is a 3 question, 3 minute interview with an NCS colleague. Today’s 3-in-3 features Shannon Dooley in our Collection Services Group. Read this post to learn more about …
May 8, 2017
3-in-3 is a 3 question, 3 minute interview with an NCS colleague. Today’s 3-in-3 features Amy Poje, Collections and Construction Services Manager. Read this post to learn more about …
April 24, 2017
Blanket Filings, Consignment Filings and PMSI Filings are commonly used by creditors who supply to the food, beverage and hospitality industries. As a matter of fact, we’ve already covered these …
March 6, 2017
In a recent court decision, one creditor’s security interest was eliminated because they spelled the individual debtor’s name correctly. Yes, I said “correctly.” Because, in this case, “correctly” and …
February 20, 2017
Statistic Brain reports that only 47% of retail entities are still in business after their 4th year. And grocery stores sit in the #3 spot of businesses with the worst …
November 1, 2016
You have taken the meticulous steps to properly perfect your security interest. You may have spent countless frustrating hours going back and forth with your legal department to agree on …
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