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Quick question - are you sure the entity is still active? I've seen cases where companies with foreign names let their corporate status lapse, which can affect UCC filing validity.
Always worth checking. Entity status can change quickly, especially with companies that have complex ownership structures.
StarStrider
•This is why I run entity searches right before filing, not just when I start the process. Things change fast in corporate world.
Ravi Gupta
Just to circle back on your original question - I'd recommend getting the exact debtor name from the Delaware Division of Corporations database search. That will show you exactly how they handle the transliteration, and that's what you should use on your UCC-1. If you're still unsure, the document verification approach others mentioned could give you peace of mind before filing.
Dmitry Popov
•Perfect. I'll do the Delaware search first, then use the verification tool to double-check everything before submitting. Thanks everyone for all the helpful advice!
Ravi Gupta
•You're welcome. Let us know how it goes - these international name cases are always good learning experiences for the community.
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Mei Liu
One more thing - make sure you're searching in the right state. Sometimes equipment gets moved around and there could be filings in multiple states. Oregon might not be the only place you need to search.
Amara Chukwu
•I always check the debtor's state of incorporation or organization too, just to be safe.
This is why multi-state UCC searches can get complicated fast. Each state has slightly different systems.
Update: Thanks everyone for the advice. I ended up getting copies of all the UCC documents from the seller and used that Certana.ai tool someone mentioned to verify everything. Turns out the different filing number on the continuation was because they had to correct the original debtor name - it all checks out and the equipment is clear. Really appreciate all the help!
Good to hear you got it sorted. Name corrections on UCC filings are pretty common.
Thanks for posting the update. This thread will probably help other people dealing with similar Oregon UCC search confusion.
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This is exactly why I always file UCC-1s at least a week before closing. These online systems are so unreliable. But since you're in a time crunch, definitely call their office first thing tomorrow morning.
Yeah lesson learned for next time. This deal came together super fast so I didn't have much choice on timing.
Happens to the best of us. The important thing is getting it filed before your deadline.
Update us when you get it figured out! I'm dealing with a similar situation in Texas and want to know what works.
Will do! Hopefully I'll have good news by tomorrow afternoon.
Amara Torres
•Yeah please update. These portal issues seem to be getting worse everywhere.
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Sorry this happened to you. UCC Article 9 priority rules can be brutal when you don't see them coming. At least you'll know to watch for PMSI issues on future deals.
Thanks. Definitely learned my lesson about assuming first-to-file means first-in-right under these priority rules.
Freya Ross
One more thing to check - make sure their UCC-1 actually describes the equipment correctly for PMSI priority. UCC Article 9 priority rules require the collateral description to be specific enough to identify the purchase money collateral.
Yeah, sounds like they knew exactly what they were doing with the PMSI priority claim.
Sergio Neal
•Professional equipment lenders usually know UCC Article 9 priority rules inside and out. They have to in order to protect their interests.
Arnav Bengali
This is exactly why I always recommend doing comprehensive lien searches well before closing dates. Last-minute discoveries like this can kill deals or force expensive delays. Hope you get it sorted out in time!
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Adrian Connor
•You're absolutely right. This deal came together quickly and we should have started the lien search process earlier. Lesson learned for next time.
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Leo Simmons
•Easy to say in hindsight but sometimes deals just move fast and you have to work with tight timelines. That's the nature of the business.
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Sayid Hassan
Update us on how this turns out! I'm curious to know if you found any hidden liens and whether your closing goes through on schedule. These time-sensitive UCC searches are always nerve-wracking.
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Lindsey Fry
•Good luck with your closing! The document verification should give you confidence that you haven't missed any critical liens.
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Rachel Tao
•Fingers crossed everything works out smoothly. These last-minute UCC issues are always stressful but usually manageable with the right approach.
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