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Secure Receivables in Mexico via the RUG

Welcome to the RUG! RUG is the acronym for the secured transaction filing system in Mexico. Registro Unico Garantias Mobiliarias (Unified Registry of Moveable Property Collateral) In September of 2010, Mexico instituted amendments to their secured...

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Payment V. Performance Bonds

What is the difference between a Payment Bond and a Performance Bond? A payment bond is a promise of payment and a performance bond is a promise of...

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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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Lien on Funds, Stop Notice, and Public Improvement Lien

In some states, there are additional recovery remedies aside from mechanic's liens and bond claims. If you are furnishing to a construction project,...

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Lien and Claim Deadlines Based on Completion

Often, mechanic's lien and bond claim deadlines are calculated from the date of your last substantial furnishing. But, did you know, 23 states...

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Consignment Filings

Do you sell on consignment? If you allow customers to have possession of goods under a “consignment” agreement prior to the actual sale, you are at...

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Joint Check Agreements

A Joint Check Agreement is an agreement between multiple parties, allowing one party to make payment through a check issued to two or more payees....

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Competitive Advantage of UCC Filings

A UCC filing can do more than protect your inventory, equipment, and receivables. Properly perfected UCCs can reduce your risk and give you the...

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Demand Letters 101

Demand letters can expedite payment, allow you to maintain control of your collection process and save you money. A demand letter is a strongly...

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UCC v PPSA

The U.S.’s Article 9 of the Uniform Commercial Code (UCC) and Canada’s Personal Property Security Act (PPSA) are sets of law that govern commercial...

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