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
Jamal Wilson
Worst case scenario, can you file a new UCC-1 instead of trying to continue the old one? I know it's not ideal but if you're about to lose your security interest entirely, starting fresh might be the safest option.
Mei Lin
•Priority date is huge, especially if other creditors have filed since then. Definitely worth fighting for the continuation first.
Could you file both? New UCC-1 for safety and keep fighting for the continuation to preserve priority?
GalacticGuru
This is exactly why I document everything with screenshots when I file. The RI database has changed formats at least twice since 2020, so what you see now might not match what was there originally. Save everything and use it as evidence when dealing with the state office.
Smart approach. I've started doing the same after getting burned by database 'updates' that changed how things display.
Screenshots are great but having an automated verification like Certana.ai provides more official documentation that the state offices seem to respect.
Join the conversation
Yuki Ito
Try doing a search using just the first few words of the company name without any designations like LLC or Inc. Sometimes that will return results that the full name search missed due to formatting differences.
Nia Jackson
•That's a good idea - I'll try a partial name search and see what comes up.
Yuki Ito
•Just be careful with partial searches because you might get results for similarly named but different entities. Make sure to verify the addresses and other details match your debtor.
One more thing - double check that you're searching in the right state. If this is a multi-state company, there might be UCC filings in other states where they do business or where the collateral is located.
Good. Just wanted to make sure since I've seen cases where people search the wrong state and miss active liens.
Aisha Khan
•Also worth checking if this is a subsidiary of a larger company. Sometimes UCC filings are made against the parent company name instead of the subsidiary.
Join the conversation
One more thing to consider - make sure your collateral description in the UCC-1 matches what's in your all assets security agreement. I've seen cases where the UCC filing was more restrictive than the underlying security agreement, which limited the lender's rights.
Dylan Cooper
•Good catch. The UCC-1 should reflect the full scope of the all assets security agreement to maximize collateral coverage.
That's another area where document verification tools like Certana.ai can help. It checks that the collateral descriptions are consistent between your security agreement and UCC filings.
StarSailor
Glad you got the debtor name sorted out. With all assets security agreements covering equipment, inventory, accounts receivable and general intangibles, you're well-positioned once the UCC-1 is filed properly. The $850K line should be well-secured with that comprehensive collateral package.
Manufacturing businesses usually have substantial equipment and inventory values, so all assets coverage makes sense for that loan size.
Ava Garcia
•The general intangibles coverage is particularly valuable for manufacturing companies. Could include things like customer lists, proprietary processes, or intellectual property.
Join the conversation
Ella Cofer
Update us when you get the corrected filing processed! Always curious to hear if fixing the name format resolves these rejections or if there are other hidden issues.
Kevin Bell
•Hope it works out. These last-minute filing corrections are always nerve-wracking.
You should be fine once the name matches exactly. I've never seen a second rejection when the debtor name formatting is corrected properly.
Actually tried that Certana verification tool someone mentioned and it's pretty slick. Uploaded my security agreement and UCC-1 draft and it immediately flagged two name inconsistencies I would have missed. Definitely worth checking out if you do multiple filings.
Instant results. Just upload the PDFs and it shows you a comparison report right away. Really convenient for catching errors before filing.
Adriana Cohn
•That would have saved me this whole headache. I'll definitely use it for my next filing to avoid another rejection.
Zara Mirza
Just went through something similar. Used specific 1-308 language and it actually helped us negotiate a better outcome. The lender's counsel took our objections more seriously once they saw we were preserving rights to challenge their demands. Ended up with a compromise that worked for everyone.
0 coins
Zara Mirza
•About three weeks. They came back with questions about our specific objections, we clarified our position, and eventually found middle ground on the collateral requirements.
0 coins
Diego Chavez
•This shows how 1-308 can work as intended - preserving rights while allowing business to continue. It's not about avoiding obligations, it's about keeping options open.
0 coins
Luca Russo
Whatever you decide, document EVERYTHING. Keep copies of all communications, take notes on phone calls, save emails. If you do use 1-308 and end up in court later, you'll need a complete record of why you felt compelled to sign despite your objections.
0 coins
Malik Jackson
•Already started a file with all the lender communications. Should I also document our internal discussions about why we object to their demands?
0 coins
Luca Russo
•Absolutely. Internal memos showing your business reasons for objecting can be valuable evidence later. Just be careful about attorney-client privilege if your lawyer is involved.
0 coins