Quote:
Originally Posted by Peter_Spaeth
As I've explained before, I don't think the UCC-1 is technically required, but I agree with Adam that it's a good idea and could save a lot of aggravation and avoid risk.
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I would not trust my fate to a judge deciding between members of a pack of squabbling unsecured creditors, not when the cost and effort of protecting myself from that outcome is so minuscule. It is a heck of a lot easier to file a claim to retrieve the property as a secured creditor than it is to slug it out with the rest of the pack of unsecured hyenas.