As a small-business owner, obtaining capital to build your business is a top priority. But when you get a loan, you may notice something new on your credit reports in addition to the credit account: a ...
Lenders should view as cautionary tales two recently handed down decisions regarding UCC-1 financing statements and the perfection of security interests. On December 20, 2019, the U.S. Bankruptcy ...
Action Item: When a secured loan is being paid off, lenders routinely authorize the borrower’s counsel to prepare and file UCC termination statements releasing the lender’s security interest in the ...
Forbes contributors publish independent expert analyses and insights. I write about commercial real estate negotiations, deals and legal issues. UCC-1 filings are easy to make correctly and a disaster ...
Proper attention to the unsexy “Uniform” Commercial Code financing statement may well be the single most consequential checklist item in a secured bond financing from the perspective of bondholder ...
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