Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Jared Ecker is a researcher and fact-checker. He ...
In a win for lenders, on September 11, the U.S. Court of Appeals for the Seventh Circuit reversed the U.S. Bankruptcy Court for the Central District of Illinois, holding that the collateral ...
Under the Uniform Commercial Code (UCC), a secured party can perfect its lien on certain of a debtor’s assets by the filing of a UCC-1 financing statement. However, Section 9-509 of the UCC provides ...
Tennessee Secretary of State Tre Hargett is issuing a new warning to all Tennesseans about a scam involving Uniform Commercial Code documents. As part of the scam, citizens receive an official-looking ...
NASHVILLE, Tenn. — The Tennessee Secretary of State announced that people should be cautious when receiving official-looking mail. This time, the scam is targeting most Tennesseans by asking them to ...
Problem/situation: The volume of paperwork generated by UCC filing requirements makes for long turnaround time and creates a drag on commerce. Solution: Automation of the UCC filing systems.
NASHVILLE, Tenn. (WKRN) — Tennesseans received an alert from Secretary of State Tre Hargett on Wednesday about an official-looking mailer from TN UCC Statement Service that falsely suggests businesses ...
August 30, 2025 @ 5:06 pm By Joshua Ashley Klayman, Danelle Le Cren, John Hwang, Michael Bassett, Philip Lee and Jessica Blatz Imagine this: A lender, confident in its documentation, makes a secured ...
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 ...
This essay is about the fraught circumstance wherein an art owner finds that the gallery to whom he has consigned his art for sale has become bankrupt. If the owner had properly filed a UCC-1 ...
In a bogus UCC-1 lien scheme, a lien is filed using the internet-friendly UCC registry and relaxed electronic signature requirements, and posted on the registry website for all to see. With public ...
The UCC‑1 form is a staple of any secured lending practice. In the wake of the 2022 proposed Uniform Commercial Code (UCC) amendments, which have been adopted in 24 jurisdictions, many jurisdictions ...
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