Legal & Litigation legal solutions from Lincoln and Morgan San Diego : All too frequently, the recipients of commercial funding choose to avoid properly surrendering the pledged collateral upon default. Often they choose instead to evade the UCC Lien holder and their rights to the collateral and retain, remove or even sell the secured collateral without authorization. This improper and intentional avoidance increases the costs and difficulty for the lien holder in securing their rights to the pledged collateral. Read more info on https://www.lincolnandmorgan.com/.
Accounts Receivable Management: Those who obtain the information have the power! We (Lincoln and Morgan) help train our clients to understand A/R management from 31 days past due and beyond. This helps to ensure minimal losses and calculated cash flow to keep your business profitable and growing! Custom Tailored Approach for your Company: We (Lincoln & Morgan) are not only your receivable mediation firm but an extension of your company, that secret weapon down the hall in your arsenal against lost receivables and lost customers. Utilizing our vault of vast amounts of information, we have the tools and expertise to get the results you desire in a manner that suits your company’s image.
Other advantages of mediation include: the process is consensual – either party can walk away; the process is forward-looking and can maintain the business relationship between the parties more effectively than litigation/arbitration, which are both retrospective and antagonistic forms of dispute resolution; what is said in mediation is confidential and without prejudice (up to the point where agreement is reached)4; and the parties are able to agree on solutions that would be beyond the scope of a judge or an arbitrator, for example, finding a “win/win” solution by introducing commercial issues not the subject of an existing dispute.
We (Lincoln and Morgan) have a solid network of the best creditors rights attorneys available nationwide to further mediate and, when necessary, proceed with legal recovery of the funds and secured assets. We can provide a complete custom tailored location services and asset inspections. We have partnered with the best Asset locator’s and Inspectors in the country. They can locate and identify the secured collateral quickly, effectively and for less cost than typical solutions.
First, it is important to understand what a UCC lien is. A UCC lien is a document that a lender files with your secretary of state which gives notice that the lender has a claim to certain assets as collateral. A UCC lien will typically prevent you from obtaining additional funding or selling property such as equipment, company vehicles, and materials. But, if you default on a merchant cash advance contract, the merchant cash advance company will sometimes send these liens to your customers, demanding that your customers pay the merchant cash advance company directly rather than paying you. This is because the concept of a merchant cash advance is that the funder is purchasing your future receivables.