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Filing UCCs can reduce your credit risk. A properly perfected UCC protects your company's inventory, equipment, and receivables.
Article 9 of the Uniform Commercial Code (UCC) provides trade creditors with an opportunity to secure their goods and / or accounts receivable by using the personal property assets of their customer as collateral. A properly perfected UCC filing elevates you to secured creditor status and protects you in the event your customer defaults or files for bankruptcy.
Watch this webinar to learn how UCC filings can:
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The Lien Index declined to 58 at the end of Q2, down 8 points from the revised Q1 Index of 66 and up 4 points over Q2 2023.