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A quick query in LienFinder™ uncovered several liens filed between May & July with claims in excess of $7,000,000, including over $4,000,000 in a lien by a general contractor. (The …
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Over 76% of survey participants reported they have increased collection efforts and 62% are monitoring their customers for bankruptcy. Has your credit granting process become more stringent?
A new study has found that slow payments are costing general contractors and subcontractors $64 billion a year. Check out this infographic to learn more!
Don’t let your PMSI go unperfected! Check out this infographic to learn more.
The construction credit world is full of industry-specific terms and definitions; sometimes it’s tough to keep them straight. “Bond” is one of those terms. Check out this blog post for …
Are reducing your DSO, mitigating risk and improving working capital not enough reasons to file UCCs? Well, here are 5 more reasons why UCCs are the way to go! You …
When it comes to the Security Agreement, compliance with Article 9 of the Uniform Commercial Code is a must. Be accurate and don’t fall victim to these rookie Security Agreement mistakes. …
A properly perfected security interest, in compliance with UCC Article 9, has priority over 503(b)(9) claims & consignment agreements. If you attended The Credit Research Foundation’s Fall Forum, the Bankruptcy Judge Panel …
A Notice of Intent to Lien is a statutory notice, required in many states, to be served prior to filing the mechanic’s lien. Check out this infographic to learn more! …
A Standby Letter of Credit is a written guarantee, issued by a bank, to pay on behalf of their customer in the event their customer does not pay. Review this …
Whether you are a secured or unsecured creditor, slow-paying and non-paying customers are frustrating! If you enjoyed today’s infographic, you may also enjoy What Should You Ask Your Customer …
In a sampling of recent bankruptcy cases, NCS’ UCC Services Group found that unsecured creditors received, on average, 9.3 cents on the dollar compared to secured creditors being paid 96 …
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