When Creditors Attack Your Clients
The Article 9 Section 406 Notice
Your cash flow could be frozen tomorrow, today, now, when an aggressive creditor serves your clients or customers with a demand letter pursuant to the Uniform Commercial Code (UCC) Article 9 Section 406 (“9-406 Notice”). Said creditor can and will assert in the 9-406 Notice that your receivables, your cash, is their rightful property and insist that all funds are redirected to them.
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