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NCS Lien Index 2022 Q1
March 7, 2016
As all secured creditors know, maintaining perfection of their security interests under UCC Article 9 is essential to ensuring priority over other claimants. Unfortunately, there is a common event that …
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November 13, 2015
Do you have debtors in Mexico? As a creditor, secured or unsecured (though always better to be secured), recovering monies from foreign debtors may come with obstacles that you may …
November 10, 2015
“Supporting documents can make or break a claim.” The words rumbled like daunting thunder from the mouth of a tall, lanky and otherwise nondescript bank branch manager. Although he was …
November 2, 2015
1, 3, 11… Confused counting? Of course not, silly, these numbers identify the various types of UCC filings under Article 9 of the Uniform Commercial Code (UCC). As you may …
September 22, 2015
The subjectivity in evaluating creditworthiness magnifies the need for credit tools. Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors to collateralize or “secure” their goods …
August 28, 2015
Is it another case of a vague collateral description? Well, sort of… kind of… maybe… depends on the judge. In, Priority in Security Interests: Lessons for Secured Creditors, the author, …
August 26, 2015
When you log into NCS Online Services, you are greeted by colorful boxes, pie charts & bar graphs! You aren’t alone if you are wondering “what does it all mean?” …
August 24, 2015
In Omega Optical, Inc. 476 B.R. 157 (Bankr. E.D.Pa. 2012) (“Omega”) Omega filed bankruptcy and listed Sovereign Bank (“Sovereign”) as a secured creditor within the filing. Indeed, Sovereign was a …
July 27, 2015
The collections process is not a “desired” process. By desired, I mean, no one actually wants to go through it – creditors and debtors alike. But, if you have a …
July 2, 2015
By Mr. David Feigenbaum, Director-Corporate Credit with Kichler Lighting The use of Security Agreements as an aid to sales is a useful credit practice. When positioned properly and communicated to …
July 1, 2015
Are you aware that if your customer changes their name you must amend your UCC Filing or your security is jeopardized? Section 9-507 (c) of the UCC tells us that …
May 29, 2015
NCS frequently discusses the complexity of mechanic’s liens and “all that comes with” them. We recognize there is confusion, and even frustration, that often surrounds payment clauses, lien waivers and …
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