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Risk Management Blog

UCC & Corporate Due Diligence

Resource Guide for Legal and Financial Professionals

UCC Paperwork Error at Forefront of GM Bankruptcy Dispute

March 29, 2013 UCC

Regular readers know that here on the FCS blog, we have discussed unauthorized/accidental terminations in several posts. For those of you who may be new to the blog. Here is a sampling of some of our previous posts on the topic: Tips for Tackling Fraudulently Filed Termination Statements When is a Terminated UCC Record not Really Terminated? Two Important Reasons to Include Terminated Filings in Your UCC Search Efforts Now, a termination…READ MORE

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Which Monitoring Solution is Right For Factors & Asset-Based Lenders?

March 25, 2013 UCC, Lien Monitoring

Different loan types provide different risks and rewards. Once a UCC financing statement has been filed, different solutions are available to monitor collateral and assist secured parties in maintaining their perfected security interest. There are many lien types both voluntary and involuntary that, depending on jurisdiction, could potentially affect the perfected position, and Federal Tax liens are typically considered the most critical.…READ MORE

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What can you do if You’ve Missed the Delaware Annual Report and Franchise Tax Deadline?

March 14, 2013 Corporate

For Delaware corporations, Annual Reports and Franchise Tax for 2012 were due on March 01, 2013.  If you missed the filing deadline, the entity is now delinquent according to the Delaware Division of Corporations. Luckily, Delaware makes it easy to change that status with just a couple of steps and a credit card. Here’s what you can do if you’ve missed the Delaware annual report franchise tax deadline. First, locate the Business Entity…READ MORE

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[Quiz with Answers] Test Your Revised Article 9 Amendments Knowledge

March 12, 2013 UCC

The 2010 Amendments to Revised Article 9 of the Uniform Commercial Code are set to go into effect later this year. Complete this short quiz to test your knowledge of the upcoming changes! 1. The amendments are set to go into effect on what date? a. December 31, 2013 b. April 15, 2013 c. July 01, 2013 2. When 2010 the amendments go into effect, individual debtor names must be entered as the person’s name appears on their driver’s license. a.…READ MORE

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[Quiz] Test Your Revised Article 9 Amendments Knowledge

March 08, 2013 UCC

The 2010 Amendments to Revised Article 9 of the Uniform Commercial Code are set to go into effect later this year. Complete this short quiz to test your knowledge of the upcoming changes! 1. The amendments are set to go into effect on what date? a. December 31, 2013 b. April 15, 2013 c. July 01, 2013 2. When 2010 the amendments go into effect, individual debtor names must be entered as the person’s name appears on their driver’s license. a.…READ MORE

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