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Quick question - when you refile, are you going to use the same filing number or get a new one? I always worry about creating duplicate entries in the system when refiling after a rejection.
Right, the rejected filing essentially doesn't exist in the system, so the new filing will be treated as an original UCC-1.
Yara Nassar
•That's actually really helpful to know. I was wondering about the same thing for a filing I need to correct next week.
Update us when you get it resolved! Always curious to hear how these trade finance UCC issues work out, especially with the tight timelines you're dealing with.
Sean Doyle
•Will do! Planning to refile tomorrow morning with the correct charter name. Hopefully that resolves it quickly.
Paolo Ricci
•Good luck! Trade finance deals are stressful enough without UCC filing complications adding to the mix.
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Niko Ramsey
For your $2.8M deal, I'd definitely recommend getting a professional UCC search done in addition to your own research. Yes it costs money, but missing a lien on a deal that size could be catastrophic. The pros have access to better search tools and know all the name variation tricks for each state. Sometimes the peace of mind is worth the extra cost.
Niko Ramsey
•I've had good luck with CT Corporation and National Corporate Research. Both are thorough and know the state-specific quirks.
Professional searches are definitely worth it for high-dollar deals. They carry insurance too, which adds another layer of protection.
Jabari-Jo
Update us when you figure out the complete search results! I'm dealing with a similar situation in CT and curious to see how many variations you end up having to try. The inconsistency in their system is maddening but knowing I'm not the only one dealing with it helps.
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Based on your description, this definitely sounds like fixture filing territory. The combination of permanent attachment, utility connections, and the fact that removal would damage the property hits all the key criteria for the UCC fixture filing definition.
I agree. Better to err on the side of caution with fixture filing than risk having your security interest challenged later.
The lender's attorney probably knows what they're talking about. If they're suggesting fixture filing, there's probably a good reason for it.
Jay Lincoln
One last thing to consider - check if your state has any special rules for commercial kitchen equipment. Some states have specific provisions for restaurant fixtures that might affect your filing requirements.
Thanks everyone for all the input. Sounds like fixture filing is the way to go. I'll work with our attorney to get the proper forms filed in the county records.
Lily Young
•Smart move getting professional help with this. Fixture filings are too important to mess up, especially with that much money involved.
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Had a client recently who thought they missed a continuation deadline but it turned out their attorney had actually filed it properly and just never sent confirmation. Sometimes the issue is communication rather than actual missed deadlines. Definitely verify the filing status before assuming the worst case scenario.
Exactly. Pull the records from the SOS website or use their search function to see what's actually on file. You might be pleasantly surprised.
Oliver Cheng
•This is why I always send clients copies of filed documents with confirmation. Too much at stake to leave them guessing about whether filings were completed.
Update us when you find out the real status! I'm invested in this story now and hoping it turns out better than expected. These UCC deadline horror stories always make me double-check my own filings.
Will definitely update once I get to the bottom of this. Hopefully it's not as bad as I initially thought.
Same here - following for the update. This thread has been educational but also terrifying!
CosmicCruiser
I'm curious if anyone has compared different UCC1 template software. We're using a system that's probably 10 years old and I'm wondering if newer platforms handle the formatting issues better.
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Ethan Taylor
•Which software did you switch to? We're shopping around for a new system.
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Aisha Khan
•I'd rather not name specific vendors here, but look for systems that offer real-time validation against SOS requirements. Also make sure they update their UCC1 templates regularly when filing offices change their formats.
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Yuki Ito
Just want to add that inconsistent UCC1 templates are a bigger problem than most people realize. We did an audit last year and found that 60% of our filing delays were due to template formatting issues, not actual substantive problems with the filings.
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Andre Dupont
•Pre-filing reviews are smart but time-consuming. Have you looked into automated verification tools? I've heard good things about services that can check UCC1 templates against filing requirements automatically.
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QuantumQuasar
•Yes, we actually started using Certana.ai for that exact purpose. Upload your UCC1 template and it checks for debtor name formatting issues, missing information, field mapping problems, etc. Saves a lot of manual review time.
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