Financing Statement Additional Party form for adding additional Debtors or Secured Parties to Financing Statements (Form UCC1) filed with the Washington filing office.
Seattle Washington UCC1 Financing Statement Additional Party refers to an important legal document utilized in commercial transactions to establish a party's interest in personal property. This statement is filed as part of the Uniform Commercial Code (UCC) regulations in Washington state, specifically in Seattle. The UCC1 Financing Statement Additional Party is an amendment filed by a party, other than the debtor or original secured party, to assert their rights or claim against the same collateral described in the initial UCC financing statement. The additional party seeks to secure their interest in the collateral and ensure its priority in case of default or bankruptcy. Keywords: UCC1 Financing Statement, Additional Party, Seattle, Washington, commercial transactions, personal property, legal document, Uniform Commercial Code, amendment, debtor, secured party, collateral, priority, default, bankruptcy. Different types of Seattle Washington UCC1 Financing Statement Additional Party may include: 1. Subsequent Lien holder: A party that acquires an interest in the same collateral after the initial filing of the UCC1 financing statement by the original secured party. This could be through a subsequent loan or extension of credit. 2. Assignee/Creditor: A party who obtains the rights to the debtor's loan or credit obligation, including the collateral, from the original secured party. This could occur through assignment or transfer of rights. 3. Co-Secured Party: A party that shares the security interest with the original secured party in the same collateral identified in the UCC1 financing statement. This could happen when multiple parties extend credit or have claims against the debtor's assets. 4. Involuntary Lien holder: A party that acquires an interest in the debtor's collateral without consent or cooperation from the debtor. This can occur through legal actions like a judgment lien or tax lien imposed by government authorities. 5. Guarantor: A party who provides a guarantee or acts as a co-obligor for the debtor's obligations, including the collateral described in the UCC1 financing statement. The guarantor's interest becomes relevant if the debtor defaults on their obligations. In summary, the Seattle Washington UCC1 Financing Statement Additional Party is an amendment filed by a third party to establish their interest in the collateral described in the initial UCC1 financing statement. This document helps secure rights and prioritize claims in commercial transactions involving personal property within Seattle, Washington.Seattle Washington UCC1 Financing Statement Additional Party refers to an important legal document utilized in commercial transactions to establish a party's interest in personal property. This statement is filed as part of the Uniform Commercial Code (UCC) regulations in Washington state, specifically in Seattle. The UCC1 Financing Statement Additional Party is an amendment filed by a party, other than the debtor or original secured party, to assert their rights or claim against the same collateral described in the initial UCC financing statement. The additional party seeks to secure their interest in the collateral and ensure its priority in case of default or bankruptcy. Keywords: UCC1 Financing Statement, Additional Party, Seattle, Washington, commercial transactions, personal property, legal document, Uniform Commercial Code, amendment, debtor, secured party, collateral, priority, default, bankruptcy. Different types of Seattle Washington UCC1 Financing Statement Additional Party may include: 1. Subsequent Lien holder: A party that acquires an interest in the same collateral after the initial filing of the UCC1 financing statement by the original secured party. This could be through a subsequent loan or extension of credit. 2. Assignee/Creditor: A party who obtains the rights to the debtor's loan or credit obligation, including the collateral, from the original secured party. This could occur through assignment or transfer of rights. 3. Co-Secured Party: A party that shares the security interest with the original secured party in the same collateral identified in the UCC1 financing statement. This could happen when multiple parties extend credit or have claims against the debtor's assets. 4. Involuntary Lien holder: A party that acquires an interest in the debtor's collateral without consent or cooperation from the debtor. This can occur through legal actions like a judgment lien or tax lien imposed by government authorities. 5. Guarantor: A party who provides a guarantee or acts as a co-obligor for the debtor's obligations, including the collateral described in the UCC1 financing statement. The guarantor's interest becomes relevant if the debtor defaults on their obligations. In summary, the Seattle Washington UCC1 Financing Statement Additional Party is an amendment filed by a third party to establish their interest in the collateral described in the initial UCC1 financing statement. This document helps secure rights and prioritize claims in commercial transactions involving personal property within Seattle, Washington.
