Blanket UCC Filings & Your Frequently Asked Questions
What is a Blanket Filing? A Blanket filing is a security interest in all the assets of your customer on a non-priority basis, eliminating potential conflict with your customer’s primary lender. The priority or payout in a bankruptcy is determined by the filing date (first in time, first in right). The UCC filing elevates the status of your accounts receivable to that of a secured creditor.
Why do you need a Blanket Filing? Hear from expert Cindy Bordelon, NCS' UCC Services Manager in this article that details why you should choose a blanket filing and answers FAQs on the topic. Access the full article here.
NCS is an AD Procurement Service Provider specializing in collection services and credit reporting, including UCC, notice & mechanic's lien services. To learn more about NCS, reach out to Craig Slimmer at (800) 826-5256 ext. 113 or cslimmer@ncscredit.com.