Businesses prioritize how, when and which vendors are paid and often pay secured creditors ahead of unsecured creditors. But why? In this user group, we will review how you, as a trade creditor, can use secured transactions to ensure you are a payment priority for your customers, and the legal protections available should your customer default or file for bankruptcy protection.

• The benefits of being a secured creditor, especially in this uncertain economy
• The necessary elements to a secured transaction
• Overcoming objections to UCC filings and preliminary notices
• What to do in the event of customer default or bankruptcy

This user group will:

• Help minimize write-offs and increase working capital
• Increase your credit knowledge and value to your company
• Answer your questions about developing a program that’s right for you!