Best commercial UCC lien mediation legal solutions with Lincoln & Morgan : We have a national network of highly trained creditors rights attorneys that are able to give us a local presence wherever needed. They are available to mediate and when necessary proceed with local legal recovery of the funds and secured assets. Each venue has its unique challenges and this valuable resource gives us the national and local presence necessary to achieve the best results. We pledge the highest possible results all while providing a professional, ethical and transparent approach for all parties affected. We are committed to offering excellence in all aspects of the process. At any point in the process, prior to retrieval, we are open to mediate with all parties for the proper release of the UCC liens and security agreements involved. Discover more details on Lincoln and Morgan law firm.
Full Service International Department: We (Lincoln & Morgan) have senior investigators with many years of experience that have recovered in over 70 countries and have the means and capabilities to do so in over 200 countries worldwide. We (Lincoln and Morgan) maintain a multilingual staff and offer translating services in over 100 countries. Flexibility in Approach: Historical studies conducted by the U.S. Department of Economics reveal that each day after a receivable becomes 90 days past due, you have a problem, regardless of the reasons provided by the customer. We (Lincoln & Morgan) can do the “soft audit” mediation for your existing clients through a full-scale litigation recovery effort.
Preparation: Having agreed to mediate, the parties will need to appoint a mediator and draw up the mediation agreement. This agreement will evidence the fact that the parties have agreed to resolve their differences by mediation, and record the date and venue of the mediation, the choice of mediator and who will attend. Other issues it should cover include costs of the mediation and how these will be split between the parties, and the fact that the mediation is confidential and without prejudice. In terms of preparing for the mediation itself, the parties exchange written submissions together with any supporting documents in advance. These are usually summaries of the parties’ respective legal cases and commercial positions.
We (Lincoln and Morgan) pledge the highest possible results all while providing a professional, ethical and transparent approach for all parties affected. We are committed to offering excellence in all aspects of the process. At any point in the process, prior to retrieval, we are open to mediate with all parties for the proper release of the UCC liens and security agreements involved. According to a survey of members of the Commercial Law League of America, the probability of full recovery on a delinquent account drops dramatically with the length of delinquency. For example, even after only three months, the probability of recovering a delinquent account drops to 73.1%. After six months, 50% of delinquent accounts will never be recovered. After one year, the probability of ever recovering a delinquent account drops to 25%.
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.