The Basics Of The UCC Process
The Uniform Commercial Code was created to minimize risk and make it more attractive for companies to extend credit. It provides creditors protection in the event of their customers’ default or bankruptcy.Attend this webinar to learn how UCC filings can offer:PROTECTION when your customer files Chapter 7, Chapter 11, or defaultsOPPORTUNITIES to take first priority in your inventory or equipmentAN INCREASE in your comfort level when there is risk involved in marginal accountsCOLLATERALIZATION Banks consistently require collateral against the credit lines they extend; trade creditors can do the sameAreas CoveredThe priority of Creditor’s ClaimsBlanket UCC FilingsPurchase Money Security Interest UCC FilingsRequired Elements to Perfect a Security InterestSecurity AgreementsFinancing StatementsCourse Level - BasicWho Should AttendControllerCredit ManagerCollections ManagerAccounting ManagerWhy Should You AttendWorried about customers filing bankruptcy?Concerned about extending credit to marginal accounts in this uncertain economy?UCC filings secure collateral in agreement with your customer’s promise to pay.
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The Uniform Commercial Code was created to minimize risk and make it more attractive for companies to extend credit. It provides creditors protection in the event of their customers’ default or bankruptcy.
Attend this webinar to learn how UCC filings can offer:
- PROTECTION when your customer files Chapter 7, Chapter 11, or defaults
- OPPORTUNITIES to take first priority in your inventory or equipment
- AN INCREASE in your comfort level when there is risk involved in marginal accounts
- COLLATERALIZATION Banks consistently require collateral against the credit lines they extend; trade creditors can do the same
Areas Covered
- The priority of Creditor’s Claims
- Blanket UCC Filings
- Purchase Money Security Interest UCC Filings
- Required Elements to Perfect a Security Interest
- Security Agreements
- Financing Statements
Course Level - Basic
Who Should Attend
- Controller
- Credit Manager
- Collections Manager
- Accounting Manager
Why Should You Attend
- Worried about customers filing bankruptcy?
- Concerned about extending credit to marginal accounts in this uncertain economy?
UCC filings secure collateral in agreement with your customer’s promise to pay.
