Do Your Collateral Descriptions Comply with Article 9?
It’s Hard to be Specific without Being Too Specific. Collateral Descriptions Are Tricky! We know strict compliance with Article 9 is vital in...
UCC Financing Statements (6)
Digital Assets a General Intangible under Wyoming’s UCC
Digital Assets Now a General Intangible under Wyoming’s UCC Wyoming is the first and only state to enact blockchain-enabling laws. It is also the...
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...
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...
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...
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...
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...
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...
Perfecting UCC Collateral Descriptions
Perfectly Imperfect Collateral Descriptions within Your UCC Financing Statement: It’s a Delicate Balance. A properly perfected security interest is...
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....