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503(b)(9) Claims Are No Match for UCC Filings

503(b)(9) Claims Are No Match for UCC Filings
503(b)(9) claims are no match for UCC filings! In bankruptcy, a properly perfected security interest, in compliance with UCC Article 9, has priority over unsecured creditors, creditors with administrative claims, 503(b)(9) claims, and even consignment agreements.
EC: UCCs Have Priority Over 503(b)(9) Claims

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EC: UCCs Have Priority Over 503(b)(9) Claims

In this NCS Extra Credit installment, Nikki Nevar (UCC Specialist) explains why a UCC has priority over 503(b)(9) claims. {% module_block module...

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Understanding Furnishing Dates

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Understanding Furnishing Dates

Notice, mechanic's lien/bond claim, and suit deadlines are frequently calculated from your first furnishing date, last furnishing date, and/or the...

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Payment Bonds and Bond Claims

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Payment Bonds and Bond Claims

Payment bonds / bond claims are a payment security often available for those furnishing to public and federal construction projects, and even the...

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