Legal Question in Credit and Debt Law in Oregon

ucc filing on equipment

how do we collect our money or property


Asked on 3/18/07, 12:08 am

1 Answer from Attorneys

Andrew Svitek Svitek Law Group, LLC

Re: ucc filing on equipment

First get a judgment in circuit court for money owed then send a sheriff to execute on the judgment and recover the collateral to satisfy the debt.

Short of a judgment you could enlist the help of a collection agency. An attorney can send a demand letter before filing a lawsuit. Sometimes that works, sometimes it doesn't.

Avoid self-help repossession, it could open you up to liability if done incorrectly.

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Answered on 3/24/07, 5:35 am


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