Legal Question in Business Law in Florida
How do I make my Florida UCC-1 secured party filing legally effective?
Asked on 8/05/13, 11:42 am
1 Answer from Attorneys
Byron Petersen
Byron G. Petersen P.A.
Hold on-- It is the underlying "security agreement" that counts. A UCC-1 simply "freezes" priority among creditors. The debt remains, whether a UCC-1 is filed or not. This is not to say you shouldn't implement a UCC-1 to let the world know that your debt will have priority over the claims of subsequent creditors. Go online to "Florida Secretary of State". FAQs will provide the necessary information to file the UCC-1. Also note that UCC-1s may be referred to as "Financing Statements".
Answered on 8/09/13, 2:07 pm
Related Questions & Answers
-
Hello. I opened a business with a Fictitious Name. I will like to know in case of a... Asked 7/08/13, 11:57 am in United States Florida Business Law
-
Hi, I recently left a job position on June 2nd of last month. While I was under... Asked 7/03/13, 5:50 am in United States Florida Business Law
-
Do I need a license to own a firearm in florida.I have never been arrested or... Asked 6/28/13, 5:43 pm in United States Florida Business Law
-
Is a contract void if monthly payments are never made ? It has been one year.... Asked 6/26/13, 9:00 am in United States Florida Business Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
