UCC lien notice on accounts receivable - debtor name verification issues

We used 'Mountain View Industrial Services LLC' which is their registered name with the state. But their invoices show 'Mountain View Industrial' and some customer checks are made out to 'MV Industrial Services'. It's a mess.

That's a classic debtor name nightmare. The other lender probably filed under one of the DBA variations. You need to check what name they used and when they filed.

This is why I always recommend filing multiple UCC-1s under all the operating names. Costs more upfront but saves these headaches later.

Wish we had thought of that. Now we're stuck trying to prove ownership of receivables across multiple business names.

Multiple filings can work but you have to be careful about which collateral schedules you attach to each one. Don't want overlapping claims.

They filed 3 weeks after us but under 'MV Industrial Services LLC' which isn't even the correct legal name. But that matches what's on most of the customer payments.

That's actually good news for you. Their filing might be defective if they used an incorrect legal name. But the fact that customers pay that name could complicate things.

Document everything showing the relationship between all the business names. Corporate filings, DBA registrations, bank account authorizations, anything that proves they're the same entity.

Never heard of that tool. Does it actually help with debtor name analysis or just basic document checking?

It's specifically designed for UCC name verification. Compares your filing against corporate documents and identifies potential conflicts. Saved me from a similar priority dispute.

Interesting. Might be worth trying given how much is at stake with the AR collateral.

True but AR can be great collateral if you get the paperwork right. The cash flow is usually more predictable than equipment values.

Yeah when it works it's great. Just seems like there's always some name issue that crops up later.

That's a great idea. Would an amendment protect the AR that are already outstanding under the other names?

Usually yes, as long as the amendment relates back to your original filing date. But check your state's specific rules on UCC-3 amendments.

Be careful with amendments. Some courts have ruled they don't cure original debtor name defects, just add additional coverage going forward.

Most of the service contracts are signed by the LLC but customers often make payments to whatever name is on the invoice, which varies.

Contract signatures are key. If the LLC is the actual creditor creating the receivables, your lien should be valid regardless of payment processing names.

This. Focus on who has the legal right to collect the receivables, not just who receives the payments.

Second this recommendation. Document verification tools are becoming essential for complex UCC situations like this.

Going to try that. This situation is too risky to rely on manual document review.

Already reaching out to our UCC attorney. Just wanted to get some practical insights from people who've been through similar situations.

Smart approach. Getting multiple perspectives before the legal bills start piling up.

Document everything now while it's fresh. Email trails, payment records, contract copies. Your attorney will need all of it.

Good point. Their collateral description just says 'accounts receivable' while ours specifically mentions 'accounts receivable arising from equipment rental and maintenance services'.

That level of specificity in your description could actually work in your favor. Shows clear intent to cover the exact AR in question.

Generic collateral descriptions can be problematic. Your specific language might give you an advantage.

Great news that you have some leverage with the collateral description specificity. Hope it works out.

Glad the document verification helped. Having that analysis before meeting with your attorney should save time and legal fees.

Really appreciate everyone's input. Will update once we get the legal opinion.