How to Secure Your Customer's Debt with UCC Filings and Liens

Lessons

1. How to Secure Your A/R with UCC Filings and Liens

2. How to Leverage Collaterals in Article 9 to Recover Payment

3. Why Sales is an Essential Factor in UCC Filing

4. Find How to Prioritize in UCC Filing

5. An Overview of Article 9: Secured Transactions

6. Benefits of Secured Transactions

7. Blanket, or Basic, UCC-1 Filing

8. Purchase Money Security Interest (PMSI)

9. Inventory vs Equipment: Establishing Priority in Goods

10. PMSI: The Value of Repossession

11. Security Agreement: A Detailed Overview

12. UCC-1 Financing Statement: A Detailed Overview

13. Case Examples of UCC-1 Financing Statement

14. How to Get Security for New and Existing Customers

15. How to Create a Reason for UCC Filing

16. Disposition of Tangible and Intangible Collateral in UCC Filing

17. 4 Major Factors to Consider for UCC Filing- Part 1

18. 4 Major Factors to Consider for UCC Filing- Part 2

19. Introduction to Mechanic's Lien Filing Process

20. Notice Lien Suit: In-Depth Overview

21. 3 Crucial Reasons to Serve Notices in Mechanic's Lien Process

22. 2 Required Elements Needed for Mechanic's Lien Filing

23. Mechanic's Lien Deadlines: A Detailed Overview

24. What are the Prompt Pay Laws in Mechanic's Lien Filing

25. UCC Filings and Mechanic's Lien Process: Detailed Overview

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Duration 40 Min
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Lessons 25 Lessons
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Learn 100% Free
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Language English
  • About
  • Course Content
  • Resources
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Course Overview

The world is facing a second wave of bankruptcies in the last leg of 2020. According to SP Global, US bankruptcies are on track to hit a 10-year high. That leaves you, as an unsecured creditor susceptible to high past dues, possible write-offs, and no fallback option if the customer files for bankruptcy. With these challenges ahead, what steps are you taking to protect your unsecured credit in 2021? This course will give you a detailed overview of UCC filings and Mechanic liens. Not only will this course help you overcome senior objections, but it will also help you select the right agreement for your company. Join Jerry Bailey from NCS Credit with 25+ years of consulting experience on UCC Article 9, Liens, and other nuances of construction credit. He will cover not only the legal protections of the mechanic's lien and UCC filing processes, but also some practical solutions of how and when to use these tools.

What you will learn

  • How to Secure Your Debt with UCC Filings and Liens
  • How to Leverage Collaterals in Article 9 to Recover Payment
  • Why Sales is an Essential Factor in UCC Filing
  • Know How to Prioritize in UCC Filing
  • An Overview of Article 9: Secured Transactions
  • Benefits of Secured Transactions
  • Blanket, or Basic, UCC-1 Filing
  • Purchase Money Security Interest (PMSI)
  • Inventory vs Equipment: Establishing Priority in Goods
  • PMSI: The Value of Repossession
  • Security Agreement: A Detailed Overview
  • UCC-1 Financing Statement: A Detailed Overview
  • Case Examples of UCC-1 Financing Statement
  • How to Create a Reason for UCC Filing
  • Disposition of Tangible and Intangible Collateral in UCC Filing

Skills you will gain

Credit and Collections Law
UCC Filings and Liens
Article9: Secured Transactions
Mechanics Liens' Process
A/R Risk Management
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Role: Credit Manager
Designed for Business Credit Managers
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Level: Advanced Course
Designed to educate experienced professionals
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Topic: O2C Essentials
O2C domain-specific training course
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Type: Theory Course
Theory lectures by credit practitioners
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Completion Time: 1 Week
Suggested reading for 2-3 hours/week

1. How to Secure Your A/R with UCC Filings and Liens

Watch this tutorial and get a detailed overview of UCC filings and liens and learn how it could minimize write-offs and stabilize working capital.

2. How to Leverage Collaterals in Article 9 to Recover Payment

Watch this tutorial and learn how you could recover your payments by identifying and evaluating collaterals under Article 9.

3. Why Sales is an Essential Factor in UCC Filing

Watch this tutorial and get a detailed understanding of how sales is an important factor for recovering payments under Article 9 for secured creditors.

4. Find How to Prioritize in UCC Filing

Watch this tutorial and learn how to prioritize on filing UCC claims under Article 9 when there is a default or bankruptcy.

5. An Overview of Article 9: Secured Transactions

Watch this tutorial and get a detailed understanding of what is Article 9 secured transactions and how you could recover payments for secured and unsecured creditors.

6. Benefits of Secured Transactions

Watch this tutorial and gain all the valuable benefits of Secured Transactions such as right of repossession and public record of ownership and assets.

7. Blanket, or Basic, UCC-1 Filing

Watch this tutorial and get a detailed overview of Blanket, UCC-1 Filing for secured and unsecured creditors that covers all assets and priority stocks.

8. Purchase Money Security Interest (PMSI)

Watch this tutorial and understand the term "PMSI" and how it acts as a priority security interest in specific identifiable goods for UCC filing.

9. Inventory vs Equipment: Establishing Priority in Goods

Watch this tutorial and learn how to establish priority in goods by checking whether your customer is reselling or using your products in their business.

10. PMSI: The Value of Repossession

Watch this tutorial and resolve all your problems by understanding the value of reposession under Purchase Money Security Interest (PMSI).

11. Security Agreement: A Detailed Overview

Watch this tutorial and understand what is Security Agreement under UCC filing and learn how you could create secured interest in that stand-alone document.

12. UCC-1 Financing Statement: A Detailed Overview

Watch this tutorial and get a detailed understanding on how UCC-1 Financing Statement records the secured interest and makes it a public record.

13. Case Examples of UCC-1 Financing Statement

Watch this tutorial and leverage these case examples of UCC-1 Financing Statement to pull articles of incorporation prior to lending and know the state nuances.

14. How to Get Security for New and Existing Customers

Watch this tutorial and get a hold of different opportunities to take security for both new and existing customers under Article 9 of UCC Filing.

15. How to Create a Reason for UCC Filing

Watch this tutorial and understand how you could declare the debtor default of the terms of their security agreement while filing for UCC.

16. Disposition of Tangible and Intangible Collateral in UCC Filing

Watch this tutorial and understand how a secured party could take possession after default in case of tangible as well as intangible collaterals in UCC Filing.

17. 4 Major Factors to Consider for UCC Filing- Part 1

FREE online credit manager training that highlights the 4 essential factors in monitoring your UCC filing and how it impacts your business.

18. 4 Major Factors to Consider for UCC Filing- Part 2

FREE credit manager online training that highlights the 4 essential factors in monitoring your UCC filing such as bankruptcy and mechanic's liens.

19. Introduction to Mechanic's Lien Filing Process

FREE online credit manager training that shows step-by-step process of how to file a mechanic's lien for securing your credit.

20. Notice Lien Suit: In-Depth Overview

FREE online credit manager training that helps you understand the importance of filing a notice lien suit.

21. 3 Crucial Reasons to Serve Notices in Mechanic's Lien Process

FREE online credit manager training that highlights 3 important reasons for providing notices in mechanic's lien process.

22. 2 Required Elements Needed for Mechanic's Lien Filing

FREE online credit manager training that highlights the 2 vital elements needed for mechanic's lien filing on the job informations sheet.

23. Mechanic's Lien Deadlines: A Detailed Overview

FREE online credit manager training that helps you understand the importance of deaadlines for recording a mechanic's lien filing.

24. What are the Prompt Pay Laws in Mechanic's Lien Filing

FREE online credit manager training that gives you an in-depth understanding of prompt pay laws during mechanic's lien filing process.

25. UCC Filings and Mechanic's Lien Process: Detailed Overview

FREE online credit manager training that gives you an in-depth understanding of ucc filings and mechanic's lien process in case of any bankruptcy.

Lesson Resources

Jerry Bailey

Jerry Bailey

Executive Sales and Service Manager, NCS Credit
With 25+ years of consulting experience on UCC Article 9, Liens, and other nuances of construction credit, Jerry Bailey is a highly experienced specialist in negotiation, cash flow, budgeting, operations management, and analytical skills.

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