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“Reducing the Risks of Defaulting Equipment Buyers”

On December 1, 2005 by Schnader

Linked to the Association of Equipment Manufacturers Web site

Customers’ unsecured obligations to pay for equipment are an easily addressed risk. The UCC’s Article 9 helps attorneys assist sellers to obtain liens on equipment, obtain accurate facts, utilize appropriate documentation, file financing statements, run lien searches and notify and make agreements with other creditors to give some protection from defaulting buyers.