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December 13, 2019
This week we shared two articles of interest regarding UCC filings, from secrets of security interests in IP to PMSIs and reclamation. Check out why these articles caught our attention! …
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November 4, 2019
Lower patient volumes, declining reimbursements, Medicare/Medicaid funding cuts, growing healthcare costs, political uncertainties, and industry lawsuits are just a handful of reasons cited for healthcare bankruptcies. “Too big to fail” …
September 23, 2019
An Illinois Court of Appeals has reversed the Bankruptcy Court’s decision in 180 Equipment, LLC v First Midwest Bank, which had allowed the bankruptcy trustee to avoid the security interest …
September 9, 2019
I can’t begin to tell you the number of times I have said or written some variation of “… when filing a UCC, always list the individual’s name as it …
August 12, 2019
An Oklahoma Court of Appeals has determined mechanic’s lien rights don’t extend to a party furnishing labor, because under Oklahoma statute, furnishing labor and performing labor are not synonymous. When …
July 19, 2019
In a bankruptcy proceeding, who has priority over the proceeds from consigned goods? Is it the bankruptcy trustee or the consignor of the goods? The answer in this case depended …
June 24, 2019
Who enjoys a good ol’ mystery game? Today’s mystery is why a Georgia Bankruptcy Court deemed one creditor’s UCC filing seriously misleading, thus making the creditor’s security interest unperfected. First, …
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 …
April 12, 2019
Wyoming is the first and only state to enact blockchain-enabling laws. It is also the first state to clarify the treatment of digital assets (bitcoin) under the Uniform Commercial Code. …
March 22, 2019
In a recent bankruptcy case, one creditor squeaked by and maintained its secured position despite accidentally terminating its UCC filing. This tale may sound familiar. It was just a few …
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