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 Financing Statements (7)
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....
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...
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...
Unsecured Creditors in Retail Bankruptcy Lose Out
The Importance of Being a Secured Creditor in Today’s Retail Climate In today’s highly credit-based economy, the looming threat of debtor bankruptcy...
UCC Filing Collateral Descriptions and Interpreting “And All”
UCC Filing Collateral Descriptions and Interpreting “And All” – With a Dab of Fixture Filings The U.S. Bankruptcy Court in Missouri recently...
Secretary of State Errors and Your Security Interest
Do You File UCCs? What Happens to a Security Interest When the Secretary of State Makes an Error? Compliance with Article 9 of the Uniform Commercial...
Security Interests in Liquor Licenses OK in Pennsylvania
Security Interests (UCC Filings) in Liquor Licenses OK in Pennsylvania Yes, creditors can take a secured interest in a debtor’s liquor license in...