Risk Management Blog

For the next several weeks, we welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the second installment in his blog series addressing the intricacies of UCC Termination Statements UCC Termination Statements, a Trap for the Unwary: Part Two A crucial principle to remember is that an "unauthorized" filed termination is not effective to terminate the UCC filing described in such termination. If you rely… >> READ MORE

For the next several weeks, we welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the third installment in his blog series addressing the intricacies of UCC Termination Statements UCC Termination Statements, a Trap for the Unwary: Part Three Many secured parties who review UCC assignments from one secured party (an "assignor") to another secured party (an "assignee"), just assume that the UCC assignment… >> READ MORE

We are pleased to welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the fourth installment in his blog series addressing the intricacies of UCC Termination Statements. UCC Termination Statements, a Trap for the Unwary: Part Four If you want to be 100% sure that a UCC filing that has previously been assigned is properly terminated, you will need to exercise due diligence and inquire of the parties as… >> READ MORE

We are pleased to welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the fifth installment in his blog series addressing the intricacies of UCC Termination Statements. UCC Termination Statements, a Trap for the Unwary: Part Five Let's examine some possible scenarios in which a filed UCC termination in a UCC search is not authorized (and consequently, not effective to terminate the UCC filing described… >> READ MORE

To our esteemed clients, friends and blog readers: [Updated 8/9/2012, 6:00 PM] Good news - First Corporate Solutions was told in our meeting this afternoon with Senator Corbett’s office that, even though the bill was amended again on 8/7/2012, the Senator has decided not to pursue SB 12 with provisions eliminating or even addressing the bulk sales law. Note that although this is fantastic news, there isn't 100% certainty until the amended… >> READ MORE

We are pleased to welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the sixth installment in his blog series addressing the intricacies of UCC Termination Statements. UCC Termination Statements, a Trap for the Unwary: Part Six Picking up where we left off last week, let’s examine a few more scenarios where a filed UCC termination is not authorized. A security interest in collateral evidenced by a… >> READ MORE

We are pleased to welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the seventh installment in his blog series addressing the intricacies of UCC Termination Statements. UCC Termination Statements, a Trap for the Unwary: Part Seven If a debtor has in fact paid off its debt in full to a secured party, and the secured party delays in providing terminations, a debtor is authorized to terminate the secured… >> READ MORE

We are pleased to welcome back guest author, attorney, Bennett L. Cohen to the FCS blog! Read on for the eighth installment in his blog series addressing the intricacies of UCC Termination Statements. UCC Termination Statements, a Trap for the Unwary: Part Eight If a UCC search reflects that a debtor has terminated its own filing, such fact raises an immediate red flag that the secured party shown on the terminated filing must be contacted… >> READ MORE

First Corporate Solutions recently asked a panel of experts to review a selection of our past blog posts. The panel was comprised of some of our most trusted and tenured clients from the lending and legal fields as well as expert members of our staff. We asked the panel to read the posts and share any insider tips or additional information they could think of that may be helpful to regular readers of the blog. Over the next few weeks,… >> READ MORE

Expert Tips on Lien Monitoring Programs The concept behind lien monitoring programs is that the sooner a creditor knows about a lien, the sooner they can act to protect their interests. These programs run updated interval searches on debtor names to check for any new filing activity, and then provide timely alerts to a creditor regarding potential threats. What follows is an overview of the various lien types creditors tend to include… >> READ MORE