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

This online course will help you understand UCC filings and liens and how they could minimize write-offs and stabilize working capital.

About this Course

promoImage

description

lessonOverview	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.
transcript	Coming Soon
resources	Coming Soon
discuss	Coming Soon

instructor

name	title	image	description
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.

recommendation

image	tag	title	description	link	duration
	Portfolio Analysis	Effective Credit and Collection Strategies During Recession	Learn how to manage portfolios, credit, and collection tactics during the recession.	https://academy.highako.com/collections-strategy-during-recession-course	60 Mins
	Credit Policy	Credit Risk Assessment Training for Trade Creditors	Learn how to assess Credit Risk and create Credit Scoring Models.	https://academy.highako.com/trade-credit-risk-assessment-course	40 Mins
	Credit Scoring	Decoding Trade Credit Insurance: Risks, Concerns and Selecting the Right Plan	This credit insurance course will help you in handling risk mitigation, low past-dues, and negligible bad debt write-offs.	https://academy.highako.com/decoding-trade-credit-insurance-risks-concerns-and-selecting-the-right-plan	30 Mins

tribe

widgetType	Id	components
topic	ucc	input

Curriculum80 Mins

Introduction to UCC Filing (~ 25 Mins)
Preview

How to Secure Your A/R with UCC Filings and Liens
How to Leverage Collaterals in Article 9 to Recover Payment
Why Sales is an Essential Factor in UCC Filing
Find How to Prioritize in UCC Filing
An Overview of Article 9: Secured Transactions
Benefits of Secured Transactions
Different Types of UCC Filing (~ 30 Mins)
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 Get Security for New and Existing Customers
How to Create a Reason for UCC Filing
Disposition of Tangible and Intangible Collateral in UCC Filing
4 Major Factors to Consider for UCC Filing (~ 5 Mins)
4 Major Factors to Consider for UCC Filing- Part 1
4 Major Factors to Consider for UCC Filing- Part 2
Mechanic's Lien Filing: A Detailed Overview (~ 20 Mins)
Introduction to Mechanic's Lien Filing Process
Notice Lien Suit: In-Depth Overview
3 Crucial Reasons to Serve Notices in Mechanic's Lien Process
2 Required Elements Needed for Mechanic's Lien Filing
Mechanic's Lien Deadlines: A Detailed Overview
What are the Prompt Pay Laws in Mechanic's Lien Filing
UCC Filings and Mechanic's Lien Process: Detailed Overview
Final Assessment
Quiz
Certificate & Feedback

About this Course

promoImage

description

lessonOverview	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.
transcript	Coming Soon
resources	Coming Soon
discuss	Coming Soon

instructor

name	title	image	description
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.

recommendation

image	tag	title	description	link	duration
	Portfolio Analysis	Effective Credit and Collection Strategies During Recession	Learn how to manage portfolios, credit, and collection tactics during the recession.	https://academy.highako.com/collections-strategy-during-recession-course	60 Mins
	Credit Policy	Credit Risk Assessment Training for Trade Creditors	Learn how to assess Credit Risk and create Credit Scoring Models.	https://academy.highako.com/trade-credit-risk-assessment-course	40 Mins
	Credit Scoring	Decoding Trade Credit Insurance: Risks, Concerns and Selecting the Right Plan	This credit insurance course will help you in handling risk mitigation, low past-dues, and negligible bad debt write-offs.	https://academy.highako.com/decoding-trade-credit-insurance-risks-concerns-and-selecting-the-right-plan	30 Mins

tribe

widgetType	Id	components
topic	ucc	input

Curriculum80 Mins

Introduction to UCC Filing (~ 25 Mins)
Preview

How to Secure Your A/R with UCC Filings and Liens
How to Leverage Collaterals in Article 9 to Recover Payment
Why Sales is an Essential Factor in UCC Filing
Find How to Prioritize in UCC Filing
An Overview of Article 9: Secured Transactions
Benefits of Secured Transactions
Different Types of UCC Filing (~ 30 Mins)
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 Get Security for New and Existing Customers
How to Create a Reason for UCC Filing
Disposition of Tangible and Intangible Collateral in UCC Filing
4 Major Factors to Consider for UCC Filing (~ 5 Mins)
4 Major Factors to Consider for UCC Filing- Part 1
4 Major Factors to Consider for UCC Filing- Part 2
Mechanic's Lien Filing: A Detailed Overview (~ 20 Mins)
Introduction to Mechanic's Lien Filing Process
Notice Lien Suit: In-Depth Overview
3 Crucial Reasons to Serve Notices in Mechanic's Lien Process
2 Required Elements Needed for Mechanic's Lien Filing
Mechanic's Lien Deadlines: A Detailed Overview
What are the Prompt Pay Laws in Mechanic's Lien Filing
UCC Filings and Mechanic's Lien Process: Detailed Overview
Final Assessment
Quiz
Certificate & Feedback