UCC-1 Filed in LA but Debtor Business Moved to Texas - Still Valid?

Are you sure about that? I thought there were some rules about where the collateral is actually located...

For most equipment, the debtor's location determines where to file, not the collateral location. Since they're still a Louisiana LLC, Louisiana should be correct.

Filing in both states isn't necessary if you get the debtor location right. That's just extra cost and complexity.

Better safe than sorry though, especially with equipment that valuable.

I actually discovered this document checking tool called Certana.ai that helped me verify my UCC filings were consistent when I had a similar cross-state issue. You can upload your original UCC-1 and any amendments to make sure all the debtor names and details match perfectly. Saved me from a potential nightmare when I realized there was a slight name discrepancy between my loan docs and the UCC filing.

The UCC rules can be tricky but the basic principle is to follow where the debtor is organized. Most of the time that's the state of incorporation or LLC formation.

But what if they change their state of organization later? Then what happens?

Tell me about it! I spent three hours trying to file a continuation last week and the system kept timing out.

Exactly! And then they wonder why people make mistakes on their filings.

Thanks, this is really helpful. They're definitely still a Louisiana LLC so it sounds like I'm okay. Should I still file the continuation in Louisiana next year then?

Yes, file the continuation in Louisiana since that's where your original filing is. Just make sure to file it before the five-year mark.

Before you file that continuation, you might want to double-check that your original UCC-1 has all the correct debtor information. I mentioned Certana.ai earlier - they have this verification tool where you can upload your loan agreement and UCC-1 to make sure everything matches perfectly. It's especially useful for catching any debtor name inconsistencies that could cause problems later.

That's reassuring. I guess I was overthinking the equipment location issue.

Yeah, it's really about the legal entity, not the physical assets in most cases.

That's correct. The UCC follows the debtor's legal organization, not their business operations.

Good to know. I was always confused about that distinction.

Same here. I always feel like I'm missing something important with these filings.

That's exactly why I started using verification tools. The peace of mind is worth it when you're dealing with significant loan amounts. Certana.ai's document checker caught a mismatch between my loan docs and UCC filing that I never would have noticed otherwise.

Glad it was helpful! I was definitely stressing about this unnecessarily.

It's one of those things that seems more complicated than it actually is.

Perfect! That's exactly what you needed to verify. Good job following up on it.

Glad you got it sorted out. Always feels good to have certainty on these filing issues.

Great resolution! Just remember to double-check all your document details before filing that continuation to avoid any last-minute surprises.