You Filed a UCC. Your Customer Defaults. What’s Next?
How Secured Creditors Enforce Their Right to Recovery
What you’ll find in this article:
- 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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