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Default and the UCC

kalford December 15, 2016

Default and the UCC

You Filed a UCC. Your Customer Defaults. What’s Next?

Companies default, it happens. Fortunately, you are a brilliant creditor who has filed a UCC to protect your receivable! But, what do you do now? In this infographic, we'll review steps you can take to collect on your receivable or repossess your goods.

How Secured Creditors Enforce Their Right to Recovery: What you’ll find in this download:

  • Your rights as a secured creditor

  • The role of a UCC demand letter

  • Understanding repossession

  • Resell the goods or leverage for payment

  • What to do if repossession isn’t an option

Your status as a secured creditor gives you a distinct, powerful edge. Remember, with your UCC you can: repossess, resell, demand direct payment, and leverage your position for priority in cash.

 

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