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As the supply chain crisis continues to persist well into 2023 with no immediate end in sight, you may have heard or read about the theoretical macroeconomic causes and implications of the crisis. This webinar will focus on the practical challenges and pitfalls facing companies relating to the supply chain and logistics in the current environment.

This in-depth look at the lien and bond claim process is an opportunity to build on the information covered in our "Basics of the Lien and Bond Claim Process" webinar or for those with a working knowledge of the lien and bond claim process.

Under Article 9, a debtor must be identified on the UCC as its name appears on the public organic record or unexpired driver’s license. Compliance with Article 9-503(a) has proven time and again to be a challenge for creditors. We’ll review how to correctly identify the debtor, how to prevent mistakes, and provide examples of seemingly simple errors which left creditors unsecured.

Are you incorporating UCC filings into your business practices? Are you afraid of your customer's reaction? One of the most important steps you can take to minimize risk and increase potential for recovery is to execute a security agreement and to perfect that agreement through the filing of a UCC-1. Establishing certain credit policies can even help increase sales.

Are you incorporating the notice and lien process into your business practices? Are you afraid of your customer's reaction? Protecting your lien rights is a critical component of construction credit.

You did everything right to be in the best possible position to get paid: You investigated your customer’s creditworthiness, you obtained a signed security agreement and you filed a UCC Financing Statement. But your customer defaults. What do you do now?

Lien Waivers generate a “check & balance” system for project payments in exchange for work or material provided. Does your company have a solid understanding of the basics of lien waivers?

The UCC process is a cost-effective solution for securing your inventory, equipment, and receivables, especially important in today’s fragile economy. With a UCC filing you can become a secured creditor, which puts you in the best possible position to get paid. However, are you aware of all the circumstances where a UCC can offer security?

Do you realize the importance of obtaining job information as it relates to the protection of your lien and bond claim rights?

A UCC filing is an incredible credit tool; however, taking and perfecting your security interest requires strict compliance with UCC Article 9. Make sure your UCCs are prepared and filed correctly, or you could jeopardize your security.

Concerned about extending credit for construction projects? Unsure how to minimize your risk? The lien and bond claim process frequently begins with a statutory preliminary notice. The requirements and timeframes for serving a notice vary from state to state. If this process is not precisely followed, your rights may not be fully protected.

What do you do if your customer files bankruptcy or defaults on payment? Article 9 of the UCC defines “equipment” as goods used or bought for primary use in business. In other words, goods your customer uses in the course of their business. The ability to take a secured interest in the equipment can help with credit decisions.