An analysis of 2024 Chapter 11 bankruptcy plans revealed secured creditors’ median rate of recovery was 98%, while unsecured creditors’ median rate of recovery was 21%. Creditors who file UCCs are far more likely to get paid than those who don’t – in this case, 77% more!
As a credit professional, your priority is ensuring your company’s assets are protected and paid for goods or services provided. UCC filings are an invaluable protection.
Not only do UCC filings provide you with priority over unsecured creditors, they also give you a direct claim to collateral and help you navigate the collections process more effectively.
NCS Credit is your UCC filing expert and we have a special offer just for you! Enter code 2FreeUCC in the form below for two free Blanket UCC filings.
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