2 min read
Back to Basics: Two Primary Types of UCC Filings
Two Primary Types of UCC Filings: Blanket & PMSI In compliance with Article 9 of the Uniform Commercial Code, trade creditors can achieve a properly...
UCC Financing Statements (6)
2 min read
Top 5 Reasons You Should File UCCs
Top 5 Reasons You Should File UCCs If reducing your DSO, mitigating your risk and improving working capital aren’t reason enough to file UCCs, I’ve...
3 min read
There’s No Ice Cream in Bankruptcy. Wait, What?!
There’s No Ice Cream in Bankruptcy. Wait, What?! In bankruptcy, we frequently hear terms like preference payment, claw back, and new value. What do...
3 min read
Blanket UCC Filings & Your Frequently Asked Questions
Blanket UCC Filings & Your Frequently Asked Questions What is a Blanket UCC Filing? A Blanket UCC filing is a security interest in all the assets of...
3 min read
UCCs Have Priority Over 503(b)(9) Claims
503(b)(9) Claims & Consignment Agreements are No Match for Properly Perfected UCCs Businesses file for bankruptcy protection; it is an unfortunate...
2 min read
UCC-1 Collateral Description Reference Security Agreement
What Happens When a UCC-1 Collateral Description References the Security Agreement, but the Security Agreement Isn’t Attached? What happens to a...
3 min read
Perfecting UCC Collateral Descriptions
Perfectly Imperfect Collateral Descriptions within Your UCC Financing Statement: It’s a Delicate Balance. A properly perfected security interest is...
4 min read
UCC Filings, Key Words and Common Terms
A Review of Key Words and Common Terms Related to UCC Filings In the spirit of “back-to-school,” today’s post is a UCC Article 9 vocabulary lesson....
3 min read
Name Change Could Jeopardize Your Security Interest
Be Careful, Your Security Interest May Be in Jeopardy if Your Customer’s Name Changes The accuracy of critical data within your UCC Financing...
3 min read
Retail Bankruptcies and Their Impact on Consigned Goods
Retail Bankruptcies and Their Impact on Consigned Goods The next time you take a trip to your favorite retailer, stop for a moment and think about...