What You Should Know About UCC Filings
A Simple Way to Protect Your Security Interest Does your business provide credit to customers? Then you should know about UCC filings. Let’s start at the beginning. What Is the UCC? The Uniform Commercial Code (UCC) was established in 1952 as a means to consistently...
Commercial Bankruptcy More Common in First Quarter
Pandemic Has Changed the Timing of Commercial Bankruptcy Filings Did you know the first quarter of the year has become the most active time for commercial bankruptcy filings? While in years past, the second quarter was the most active period for these filings, that’s...
How Does Commercial Skip Tracing Work?
Trying to locate someone who may not want to be found can be a frustrating experience. That’s why skip tracing is such a valuable tool for the commercial collections industry. But how exactly does it work? Professional collectors use skip tracing to locate debtors...
My Debtor Filed for Bankruptcy – What Should I Do?
You’ve just received a notice from the U.S. Bankruptcy Court that one of your debtors has filed for bankruptcy. How should you respond? The answer depends on the type of bankruptcy that was filed. Bankruptcy Chapters Most people are surprised to learn that there are...