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