Can I Enhance My Prospects for Payment Through a Purchase Money Security Interest? - Creditor’s Rights Toolkit
JD Supra: Mergers
MAY 3, 2024
A seller of goods may gain priority over other creditors, and enhanced prospects for payment, by taking and perfecting a purchase money security interest (PMSI) in the goods sold to a customer. This article will explain what a PMSI is, how it is perfected, and discuss potential issues that could affect its enforceability.
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