tag:blogger.com,1999:blog-3736705011057482337.post7742804569250950491..comments2023-11-05T05:53:06.150-05:00Comments on MadStocks.com: RegulationRagin' Cajunhttp://www.blogger.com/profile/15379413719453167042noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3736705011057482337.post-63453389929506077142007-08-28T20:30:00.000-04:002007-08-28T20:30:00.000-04:00From what I remember in my commercial transactions...From what I remember in my commercial transactions class that I took in law school 30 years ago, you are correct. Further, I know a transfer of property from the debtor to a third party within four months (I don't remember it being 90 days) is a preferential transfer that the Debtors estate can get back. Since this only involved the filing of a UCC-1 financing statement and not the transfer of property it would not apply. Also, the filing of the financing statement is only notice to third parties of the secured creditors interest and not the transfer of ownership or title to the property.TraderCaddyhttps://www.blogger.com/profile/11680204247540436675noreply@blogger.comtag:blogger.com,1999:blog-3736705011057482337.post-75656327711784794132007-08-28T00:20:00.000-04:002007-08-28T00:20:00.000-04:00D.By filing a financing statement within ten days ...D.<BR/><BR/>By filing a financing statement within ten days of obtaining a purchase money security interest, Stark has perfected a secured interest in the circuit tester that is superior to all other claims. Whether a creditor is secured or unsecured has nothing to do with that creditor's participation in a bankruptcy filing. The security agreement and subsequent filing were all a part of a contemporaneous exchange, so the filing is not considered an attempt to gain a preference on an antecedent debt, and is not a voidable preference.Ragin' Cajunhttps://www.blogger.com/profile/15379413719453167042noreply@blogger.com