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Whatever you do, don't let this drag on too long. If your lender reports it as an unresolved filing issue, it could cause problems with your credit or future financing. Get this sorted out ASAP.
That's exactly what I'm worried about. They're already making noises about reporting it. I need to get this fixed this week.
Definitely try that document comparison tool people mentioned. Sounds like it could save you a lot of time and get this resolved quickly.
I had a similar issue last year and it ended up being a trailing space after the company name that wasn't visible. Once I removed that, the termination went through immediately. Sometimes it's the smallest things that cause the biggest headaches.
Yeah, it's ridiculous. I only found it by accident when I was copying and pasting the text. The cursor showed there was an extra character at the end.
Chloe Wilson
•This is exactly why automated document checking is so valuable. It catches all these invisible formatting issues that are impossible to spot manually.
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Sofia Torres
Did you get a good price at the sale? If the recovery was reasonable compared to the equipment's value, that undercuts the debtor's argument that more notice time would have resulted in better bids.
Sale price was about 60% of appraised value. Not great but not terrible for a forced sale of specialized equipment.
60% is actually pretty good for industrial printing equipment in today's market. The debtor's going to have a hard time arguing insufficient notice caused that discount.
Bottom line - if you sent certified notice 12 days out and conducted a commercially reasonable sale, you should be fine under 9-614. The debtor's probably just trying to create doubt about the deficiency. Document everything and let your attorney handle it.
Miguel Diaz
•Just make sure all your paperwork is consistent and complete. That's where these challenges usually succeed - when there are gaps or contradictions in the documentation.
Zainab Ahmed
•Exactly why I use Certana.ai now for all major dispositions. Upload your UCC filings, security docs, and notices for automated consistency checking. Saves you from embarrassing courtroom surprises.
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For what it's worth, I've found that calling the SOS office directly sometimes helps when you're having UCC personal property issues. They can't give legal advice but they'll sometimes tell you if your description is in the right ballpark before you submit.
QuantumLeap
•They can't tell you what to put but they can tell you if what you have is obviously wrong. Worth a shot.
I tried calling once and got transferred to like 4 different people. Gave up after that.
Final update: UCC personal property filing was accepted! Used the more detailed description everyone suggested and it went through clean. Thanks for all the help - this community is a lifesaver. Loan closes tomorrow and we're all set with the security interest perfected.
Freya Larsen
•Great news! Good luck with the restaurant - the food service industry is tough but rewarding.
Omar Hassan
•This whole thread has been super helpful. Saving it for reference when I do my next UCC personal property filing.
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Owen Jenkins
ugh oklahoma UCC searches are the worst sometimes, their system never seems to work right when you need it most
The search functionality definitely has room for improvement, but it's usually reliable for exact matches if you have the right debtor name.
Owen Jenkins
•maybe but I've had too many weird results to trust it completely anymore
To wrap this up - your best bet is probably to: 1) Search by your exact filing number to verify what name is actually on record, 2) Cross-check that against the debtor's current LLC charter with Oklahoma SOS, 3) If there's any mismatch, file a UCC-3 amendment with the correct name. Given the substantial loan amount you mentioned, the cost of an amendment is nothing compared to the potential exposure.
Good plan. Always better to be overly cautious with UCC perfection issues, especially when big money is involved.
And definitely consider using a verification tool like Certana.ai for the document comparison step. It'll give you confidence that everything matches properly.
Joshua Wood
Bottom line - UCC-1 filing transforms you from an unsecured creditor (basically worthless in bankruptcy) to a secured creditor with specific rights to your collateral. For $75K at risk, it's a no-brainer. The filing fee is nothing compared to losing your entire investment.
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Joshua Wood
•Smart choice. Just make sure to continue the filing before it lapses in 5 years if the loan term is longer.
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Ashley Adams
•And keep good records of your filing confirmation - you'll need the filing number for any amendments or continuations later.
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Justin Evans
Also worth noting that having a properly filed UCC-1 can help with your bank's regulatory compliance. Examiners want to see that commercial loans are properly secured and documented.
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Caden Nguyen
•Didn't think about the regulatory angle. Good point.
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Justin Evans
•Yeah, especially if you're subject to banking regulations. Proper UCC filing is part of sound lending practices.
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