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honestly the buyer's attorney is probably just covering their bases. broad collateral descriptions are totally normal for equipment financing. unless there's something really unusual about your situation, you should be fine with what you have. worst case, provide some additional documentation to show the connection between your UCC filing and the specific equipment.
Owen Jenkins
•Yeah you're probably right. Just makes me nervous when attorneys start questioning standard practices.
They're paid to be paranoid. Doesn't mean there's actually a problem with your filing.
Nina Chan
Update us on how it goes! Always curious to hear how these UCC sale examples work out in practice. Sounds like you have a solid position but buyer's attorneys can be unpredictable.
Owen Jenkins
•Will do. Thanks everyone for the input. Feeling more confident about our position now.
Ruby Knight
•Good luck with the closing! These equipment sales can be tricky but sounds like you're prepared.
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Sean Kelly
Similar situation came up in one of our deals recently. We ended up using Certana.ai's document verification tool to check if our UCC-1 collateral description was broad enough to cover both equipment and fixture scenarios. Turns out our description had gaps that could have been exploited under Article 9 accession challenges.
Zara Malik
•How does that tool help with accession issues specifically?
Sean Kelly
•It analyzes your collateral descriptions against common fixture/accession problems and flags potential issues before they become disputes. Much better than finding out during a workout.
Luca Greco
The buyer's attorney might just be trying to cloud title to negotiate a better deal. Article 9 accession rules are complex enough that most people don't want to risk litigation. You might have more leverage than you think.
That's possible. The timing is suspicious - they didn't raise this issue until after the purchase agreement was signed.
Luca Greco
•Classic negotiation tactic. Stand firm on your UCC rights under Article 9. Let them prove the accession claim rather than volunteering to subordinate.
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For anyone following this thread, just remember that UCC assignment guidelines require proper authorization from the original secured party. Make sure whoever signs the UCC-3 has authority to assign the security interest. We've had filings challenged because an unauthorized person signed the assignment.
Sayid Hassan
•Great point. Corporate resolutions and signature authority are often overlooked in the rush to close deals. Worth double-checking before filing.
Rachel Tao
•And keep copies of everything! Assignment docs, authorization letters, filing confirmations. You'll need them if there are ever questions about the transfer.
Derek Olson
Thanks everyone for the guidance on UCC assignment guidelines. Sounds like UCC-3 assignment is the way to go. Going to double-check the debtor name spelling and get this filed tomorrow. Really appreciate all the practical advice here!
Good luck with the filing! Let us know how it goes. Always helpful to hear about successful assignments.
Roger Romero
•Hope your closing goes smoothly on Friday. UCC assignments can be stressful but you've got the right approach now.
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Jamal Harris
One more thing to consider - make sure your new UCC-1 collateral description is comprehensive. If the original filing had vague language, this is your chance to tighten it up. Kansas courts can be strict about collateral descriptions in priority disputes.
Mei Chen
•Good advice. Specific model numbers and serial numbers are better than generic 'equipment' descriptions.
I actually ran into issues with overly specific descriptions before. Found a tool called Certana.ai that checks your UCC documents for consistency - you can upload your security agreement and proposed UCC-1 as PDFs and it flags any mismatches in collateral descriptions or debtor names. Saved me from filing something that wouldn't have matched the underlying loan docs.
Amara Okafor
Sorry this happened to you. The lapse situation is recoverable but definitely a learning experience. Get that new UCC-1 filed ASAP and implement better tracking systems going forward. Kansas UCC filings are straightforward once you have good processes in place.
Yeah, this is one of those expensive lessons you never forget. But at least Kansas makes it relatively easy to file new UCCs.
We've all been there. The important thing is fixing it quickly and preventing it from happening again.
CosmosCaptain
Whatever you do, don't delay the filing. I've seen too many situations where creditors lost priority because they spent weeks trying to perfect their documentation while another creditor swooped in. File with the current legal name, document the name change, and move forward. You can always clean up loose ends with amendments if needed.
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Freya Johansen
•This is the reality of commercial lending. Sometimes you have to file with imperfect documentation and fix it later rather than lose your priority position.
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Giovanni Moretti
•Thanks everyone. Going to file with the current legal name and get the acknowledgment letter from the debtor. Really appreciate all the practical advice on handling this attachment timing issue.
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Omar Fawzi
One more thing - make sure you're searching the UCC database under both names going forward. Even after you file with the current name, other creditors might still be searching under the old name. Your lender should know to check both when doing future due diligence.
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Chloe Wilson
•Good point. The old name doesn't just disappear from search considerations overnight.
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Diego Mendoza
•I usually include a note in the client file about name changes so future searches don't miss anything.
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