If that is what you expect, the rules for UCC filings will burst your bubble.
Double Bubble, Ltd. had its secured claim deflated in U.S. Securities & Exchange Commission v. ISC, Inc. Double Bubble claimed to be a secured creditor with a security interest perfected by the filing of a Uniform Commercial Code financing statement with the Wisconsin Department of Financial Institutions. If Double Bubble were a secured creditor it would receive 100 percent of its claim; if an unsecured creditor, it would receive 66 percent of its claim. Download this white paper to read how the District Court popped the hopes of Double Bubble for a full payment!
You can Login to access if you are already registered.
Thank You!
Download White PaperMore Program Information
