UCC-1 filings are indeed a great tool to utilize; however they are not guaranteed or fool proof. So please be careful.

When a UCC-1 is utilized it is imperative that the assets being listed or used as collateral be identified clearly and specifically. If not, then the assets/items that are not specifically identified in that UCC filing could be sold if the debtor is having cash flow issues, which would leave you stuck-out with no remedies.

Remember, items being listed as collateral need to be specifically identified for your safety.

If you would like us to assist you with liquidating or looking into the filing your company did, please give us a call at 877-404-7437