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Collateral strategies
When you make a loan, sell on account or consign products, you believe your borrower or customer is going to pay. But what if it does not? One of the most effective ways you can protect yourself from the consequences of nonpayment of an obligation is obtaining collateral. Collateral may not mean that the debt to you will be repaid, but it will eliminate or reduce your risk of loss. It gives you important leverage in the event your borrower or customer becomes financially troubled. We help you develop and execute strategies for securing repayment of loans and accounts:
Collateral and prior lien analysis
Lien documentation
Lien perfection
Second-lien and intercreditor arrangements
Purchase money security interests |
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