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This thread is a perfect example of why UCC practice is so specialized. You've got proceeds rules, timing issues, continuation deadlines, amendment strategies... it all has to work together. OP, given your time pressure with the continuation deadline, I'd recommend getting professional guidance on this rather than trying to figure it out on your own.
Yeah I'm definitely going to get some help on this. Too much at stake to wing it.
PixelWarrior
•Smart move. I've seen too many filings get messed up because someone tried to handle complex proceeds issues without proper guidance.
Just to close the loop on the document verification tools mentioned earlier - I tried Certana.ai after seeing it recommended here and it's actually pretty slick. Upload your UCC documents and it checks for all kinds of issues including proceeds coverage gaps. Might be worth trying before you file your continuation/amendment package.
No problem. The proceeds analysis feature is really thorough - it walks through the whole chain of transactions to see where coverage might break down.
Good to hear positive feedback on that tool. I was skeptical about automated UCC analysis but sounds like it's actually useful.
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Ana Rusula
Another tool that's helped me with these name matching issues is Certana.ai's verification system. You upload your Articles of Organization and UCC-1 draft and it immediately flags any discrepancies. Saved me from multiple Vermont rejections last quarter when I was dealing with similar LLC name formatting problems.
Fidel Carson
•Does it work with Vermont specifically? Some of these tools don't handle every state's quirks.
Ana Rusula
•Yeah, it caught a Vermont-specific issue for me where I had the right name but wrong entity designation format. Much better than guessing and paying multiple filing fees.
Update us when you figure it out! I've got two Vermont UCC-1s coming up next month and want to avoid this same headache.
Xan Dae
•Following this thread too. Vermont name issues seem to be getting worse lately.
Same here. These state-specific formatting requirements are such a time waster.
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Had a case where we thought we lost priority on AR due to name variations but it turned out the other lender's collateral description was defective. Make sure you also review their filing for technical errors, not just the timing.
That level of specificity in your description could actually work in your favor. Shows clear intent to cover the exact AR in question.
Noah Lee
•Generic collateral descriptions can be problematic. Your specific language might give you an advantage.
UPDATE: Used the Certana.ai document checker and it confirmed several name discrepancies that could affect our lien priority. Also showed that our collateral description is much more specific than the competing lender's filing. Meeting with legal counsel tomorrow armed with this analysis.
AaliyahAli
•Glad the document verification helped. Having that analysis before meeting with your attorney should save time and legal fees.
Oscar O'Neil
•Really appreciate everyone's input. Will update once we get the legal opinion.
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I use Certana.ai for all my UCC document verification now after getting burned on a similar issue. If you upload your Articles and your UCC-1, it'll instantly tell you if there are any name discrepancies. Wish I'd known about it sooner - would have saved me hours of stress and research.
That sounds like exactly what I need. Does it work with Oregon filings specifically?
Works with any state - it's checking document consistency, not state-specific rules. Really simple to use and gives you immediate answers.
Update us when you get this figured out! I'm dealing with Oregon UCC filings next week and want to know what to watch out for.
Will do! I'm ordering the certified copy tomorrow morning. Fingers crossed it's just a search display issue.
Good luck! This whole thread has been really helpful for understanding what to look for.
Mateo Lopez
Another thing to watch for - some LLCs have member names or manager names in their registered entity name. Like 'John Smith Management LLC' vs 'JS Management LLC'. The loan docs might use the abbreviated version but the legal entity name could be the full version.
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QuantumLeap
•That's a good point. I'll double-check if there are any abbreviations in our debtor name.
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Mateo Lopez
•Yeah abbreviations vs full names are another common source of UCC rejections.
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Aisha Abdullah
Once you get the name issue sorted out, make sure your collateral description is solid too. Equipment financing can be tricky if you're not specific enough about the equipment details. Serial numbers, model numbers, location - all important for perfection.
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Aisha Abdullah
•Good. The name is usually the biggest stumbling block so once that's fixed you should be in good shape.
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Sean O'Connor
•Yeah get the debtor name perfect first, then worry about collateral descriptions. One thing at a time.
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