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Author Topic: Theater vandalized Mark Gulbrandsen Resident Trollmaster Posts: 16657 From: Music City Registered: Jun 99 posted 01-26-2002 05:36 AM                     All a dealer has to do is file a UCC-1 form with the state that the equipment is sold into. That guarantees that the dealer still owns the equipment till its paid for. We had to do this once on a customer that was way lengthy in paying an almost 6 digit figure he owed, we came within days of going to pull out the equipment. All one needs to do in order to do that is to contact the sherriff and have him go with you when you go to do that, no legal action required other than written notice and contacting the Sheriff. Doesn't cost much and affords very good protection. In the end we worked things out with our customer, allowed him to make payments with interest, which he did, and finally paid off the moneys due. This whole thing allowed us to actually help our customer out, which we preferred to do in this case, protect ourselves, and keep a great theatre operating. It proved to be a benefit to everyone involved. We will normally bend over backwards to help our customers out in instances like this, but also have to protect ourselves as well. Mark @ GTS  |  IP: Logged Richard Fowler Film God Posts: 2392 From: Ft. Lauderdale, FL, USA Registered: Jun 2001 posted 01-26-2002 10:10 AM                     UCC form makes you a secured ( first in line ) debt if you have to go to court. Mark probably remenbers Lee Artoe in Chicago.....he did mail order sales to independent cinemas on time payments....he had a "UCC" room in his office with legal paperwork for every state of the USA, neatly shelved. Richard Fowler TVP-Theatre & Video Products Inc www.tvpmiami.com  |  IP: Logged

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