2 min read
Selling on Consignment and UCC Filings
UCC Filings: What is Consignment? We have previously discussed whether you should secure your receivables, under Article 9 of the UCC, via a Blanket...
UCC Financing Statements (2)
4 min read
Top 5 Rookie Mistakes with Your UCC Security Agreement
Don’t Make These Top 5 Rookie Mistakes with Your UCC Security Agreement The accuracy of your Security Agreement can make or break your properly...
2 min read
Bankruptcy Proof of Claim: Don’t Forget!
Bankruptcies Are on the Rise; Remember Your Bankruptcy Proof of Claim It’s “officially” unofficial, we may be heading into another recession. Think...
2 min read
Blanket Filing or PMSI Filing
Should You Use a Blanket Filing or a PMSI Filing? There are primarily two types of secured transactions under Article 9 of the Uniform Commercial...
3 min read
The Competitive Advantage of UCC Filings
Did You Know UCCs Give You a Competitive Edge when Extending Credit? UCC Filings Promote Commerce In 1952, the Uniform Commercial Code (UCC) was...
3 min read
Safe Harbor Won’t Save Your Florida UCC
Florida is serious about UCC filings. A recent Court of Appeals decision left a creditor with an unperfected security interest, when its UCC...
2 min read
Perfecting Security Interests: Avoiding Improper Forms
A Seemingly Minor Error Cost One Creditor $4,153,137.79 When preparing documentation to perfect a UCC filing, the requirements may not be too...
3 min read
UCC Filings: Does DBA Matter?
Does “d/b/a” Really Make a Difference in UCC Filings? One of the most common — and most preventable — mistakes creditors make when creating a...
2 min read
Importance of Writing Effective UCC Collateral Descriptions
Avoid Being Too Specific or Too Vague in UCC Descriptions of Collateral The Case: IN RE PROVIDERX OF GRAPEVINE, LLC – BANKR. COURT, ND TEXAS, 2013.
2 min read
Protect Your Purchase Money Security Interest in Goods
What is a Purchase Money Security Interest (PMSI)? Section 9-103 of the UCC defines a PMSI as a security interest in goods that are collateral for an...