Contact us Toll-Free: 800.826.5256
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 …
Read More
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. …
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 …
July 6, 2020
We recently asked our clients whether the COVID-19 pandemic is impacting their credit-granting processes. While I expected to see an increase in collection efforts and more stringent credit-granting processes, I …
April 20, 2020
Filing UCCs may seem simple. I often hear folks say “Meh, it’s no big deal. I just gotta fill in the blanks.” But those folks are wrong. The details of …
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 …
January 27, 2020
It’s part two of our three-part series of Commercial Credit Management Tips from NCS. Previously we provided favorite tips for Collections, today let’s review UCCs. You should always file your …
Education Center
Education Center