Mechanics Liens - Construction Liens

Construction Liens, Collections and Bond Claims
www.LiensAndCollections.com
P.O Box 1117 Kearny, NJ 07032
Phone: 201-991-7111
Fax: 201-991-7116

Manna & Associates LLC can assist you in filing a UCC-1 and
creating a Security Agreement. By filing a UCC1 one claims
that it has an interest in someone else’s property and that such
property has been pledged as collateral for a debt. This
transaction is mostly used by lenders and suppliers. The
collateral normally pledged in a UCC1 and Security Agreement
is equipment, inventory, fixtures and/or account receivables.
Such filing will upgrade the status of a creditor from a General
Creditor to a Secured Creditor in the event of a bankruptcy. A
secured creditor would receive payments before the unsecured
creditors in a bankruptcy distribution. Feel free to consult us on
the topic.