Ask the community...
- DO post questions about your issues.
- DO answer questions and support each other.
- DO post tips & tricks to help folks.
- DO NOT post call problems here - there is a support tab at the top for that :)
Join the conversation
Join the conversation
Look, I know everyone's trying to be helpful here, but realistically you need to talk to your legal counsel about this. $450k is too much money to rely on forum advice, even if it's well-intentioned. Get a proper legal opinion on whether this name discrepancy affects your lien validity.
You're absolutely right. I was hoping to get some quick guidance before involving legal, but this is probably beyond what I should handle myself.
Lucy Lam
•Agreed on getting legal advice, but don't panic in the meantime. File the amendment ASAP to correct the name while you're getting the legal opinion. That way you're covering all bases.
Aidan Hudson
Filed my amendment this morning to correct the debtor name. Used the exact name from the original UCC-1 including the ampersand. Georgia SOS accepted it immediately and the filing number is already showing up in searches. Feel much better about our security position now. Thanks everyone for the advice - definitely learned to double-check everything before hitting submit.
Glad it worked out. This thread is a good reminder that even experienced filers can run into these issues. The electronic filing systems aren't perfect.
Perfect resolution! And for future filings, that document verification tool I mentioned would catch these discrepancies before you file. Just saying - might save you some stress next time.
Join the conversation
This thread is giving me anxiety. I have a UCC-1 to file next week and now I'm worried about making the same mistakes!
Definitely looking into that. Better safe than sorry with these filings.
Smart approach. An ounce of prevention is worth a pound of cure, especially with UCC filings.
UPDATE: Finally got it filed! The Certana tool caught that I had an extra space after 'Holdings' that wasn't visible. Also confirmed the exact name format from Delaware's database. Thanks everyone for the help - this community is a lifesaver!
Thanks for the update! Going to be extra careful with my Maryland filing now.
Great outcome! Nothing beats the relief of seeing that 'Filing Accepted' confirmation.
Join the conversation
Aisha Ali
Been doing UCC work for 15 years and here's my advice: file the assignment using the exact original debtor name (ABC Manufacturing LLC), then immediately file a UCC-3 amendment to change the debtor name to the surviving entity (ABC Industries Holdings LLC). This creates a clean chain of title and updates the record to reflect current reality. Two filings but it eliminates any future confusion.
Ethan Moore
•Wouldn't you want to wait to make sure the assignment goes through before filing the amendment? In case there are issues with the assignment itself?
Aisha Ali
•Good point. I usually wait for the assignment acceptance confirmation before filing the amendment, just to be safe.
This thread is super helpful because I'm dealing with something similar. My client acquired a company through an asset purchase and we need to assign the UCC filings but the debtor entity was dissolved as part of the transaction. Sounds like similar issues with entity changes affecting UCC records.
Yeah you're right, the original entity was dissolved after the asset sale closed. So similar end result but different transaction structure.
Carmen Reyes
•Either way you'll want to use the original debtor name for the assignment and then deal with updating the record afterward if needed.
Join the conversation
Andre Moreau
I actually just went through something similar last week with a draft security agreement that had the wrong entity type. Used Certana.ai to double-check all my documents before refiling and it caught two other issues I would have missed. Saved me from multiple rejection rounds.
Sean Kelly
•How long does that document checking process take? We're under time pressure here.
Andre Moreau
•It's instant once you upload the PDFs. Takes longer to log in than to get the results back. Really straightforward for catching these exact types of mismatches.
Zoe Stavros
Bottom line - file the UCC-1 with the exact legal name from state records. Deal with the security agreement discrepancy separately through loan doc amendments. Your perfection depends on getting the filing right, not on document consistency between your internal paperwork.
Smart move. Better to have a perfected lien with paperwork to clean up than to keep getting rejections while your priority date gets pushed back.
Diego Chavez
•Exactly right. Priority matters more than perfect document consistency. You can always amend loan docs but you can't go back in time on your filing date.
Liam O'Connor
Had a similar fund security agreement filing issue last year. Ended up using some document verification tool - I think it was Certana.ai - that caught the name mismatch before I filed. Saved my butt. Now I run all my security agreements through it before filing anything.
0 coins
Luca Bianchi
•Seeing Certana mentioned a few times now. Might be worth checking out for future deals even if it's too late for this one.
0 coins
Liam O'Connor
•Yeah, it's become part of my standard process. Upload the fund security agreement and UCC-1 draft, and it flags any inconsistencies. Takes the guesswork out of it.
0 coins
Amara Adeyemi
Update: Called the SOS office and they confirmed I need to file with 'Advanced Manufacturing Solutions, LLC' (with comma) to match the fund security agreement. Filed a new UCC-1 this morning and it was accepted within 2 hours. Crisis averted! Thanks everyone for the advice. Definitely going to be more careful with debtor names going forward.
0 coins
Aisha Ali
•Great outcome. This thread will be helpful for others dealing with fund security agreement name issues.
0 coins
Mateo Gonzalez
•Perfect example of why document verification tools are so valuable. One small check could have prevented this whole situation.
0 coins