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4 Tips for Secured Parties

4 Tips for Secured Parties
As all secured creditors know, maintaining perfection of their security interests under UCC Article 9 is essential to ensuring priority over other claimants. Unfortunately, there is a common event that can quickly eliminate the perfection of a security interest: a debtor name change. Article 9-507(c) of the UCC provides the secured party with a four- month window to amend a UCC filing if the debtor’s name changes. We recognize that keeping track of debtor name changes can be challenging, but it is worth the effort: loss of a perfected status is a prospect that no secured party wants to face. This infographic provides 4 tips for secured parties when faced with possible debtor name changes.
Importance of Correctly Identifying Debtor

Importance of Correctly Identifying Debtor

The proper spelling of a debtor’s name on a UCC Financing Statement is a fervently litigated issue. The UCC Article 9 registry system is designed to...

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Know the Signs of Financial Distress

Know the Signs of Financial Distress

Whether you are a secured or unsecured creditor, slow-paying & non-paying customers are frustrating. Social cues & non-verbal cues are frequently...

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Secured Creditor Proof of Claim

Secured Creditor Proof of Claim

Unfortunately, your customer has filed for bankruptcy. Fortunately, you are a secured creditor! Now, you need to complete your bankruptcy Proof of...

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