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 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

Some regular readers of the blog have mentioned that they are feeling a bit apprehensive about the changes to Revised Article 9. In response, FCS has started a blog series to break down the major points of the amendments and help eliminate some of the anxiety UCC filers may be experiencing. This week’s topic is UCC Section 9-503(a)(1) which involves how to properly list a registered business as a debtor. UCC Section 9-503(a) (1):… >> READ MORE

The 2010 amendments to Revised Article 9 of the Uniform Commercial Code (RA9) are set to go into effect in only a few short months. Some FCS customers and regular readers of our blog have expressed apprehension about the impending changes and have requested additional information. In response, FCS has started a blog series to break down the major points of the 2010 amendments and help eliminate some of the anxiety UCC  filers may be feeling… >> READ MORE