What are the advantages of becoming a secured creditor?
Answer: Assuming that
you are referring to perfecting a security interest under Section 9 of
the Uniform Commercial Code, the short answer is that having a secured
position reduces credit risk. You may be able to repossess your collateral;
you may have pre-judgment remedies against the debtor; and in a bankruptcy
your claim will receive a priority over other trade creditors.
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