Written by kalford | May 28, 2015 4:00:00 AM
The subjectivity in evaluating credit worthiness magnifies the need for credit tools. Article 9 of the Uniform Commercial Code provides an opportunity for trade creditors to collateralize or “secure” their goods and/or accounts receivable, by leveraging the personal property assets of their customer. A UCC filing is only perfected if it is indeed perfect - so don't make these common mistakes!