We know the drill for obtaining a perfected security interest in crops (corn and soybeans) and other farm products as collateral: (1) Have the borrower execute a security agreement granting a lien on ...

Liens can be consensual in the form of a UCC lien, or nonconsensual in the form of a charging order and other attachment remedies. A charging order is a post-judgment enforcement tool that places a ...

A charging order is a device used by a judgment creditor to collect on a judgment against an LLC member. The charging order imposes a lien on the judgment debtor’s economic (or “transferable”) ...

When you buy a business, it’s common sense to know exactly what you’re getting into – so be sure to do your due diligence before you part with your money. Buying a business can be a fantastic ...

Proper attention to the unsexy “Uniform” Commercial Code financing statement may well be the single most consequential checklist item in a secured bond financing from the perspective of bondholder ...

As a small-business owner, obtaining capital to build your business is a top priority. But when you get a loan, you may notice something new on your credit reports in addition to the credit account: a ...

You have a great personal credit score, a strong business cash flow, you’ve been in business for a couple of years… You’re a shoo-in for approval on a small business loan, right? The truth is, while ...

Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a degree in accounting and finance from DePaul University. Jared Ecker is a researcher and fact-checker. He ...