West Virginia UCC 1 Financing Statement

Any creditor taking a security interest in a debtor's personal property usually will act to "perfect" his security interest. A security interest is perfected when the creditor has taken steps as required by Article 9 of the Uniform Commercial Code to give notice of his interest in the fashion required for the type of collateral in question. This often requires the filing of a financing statement. Use this form to perfect a security interest.

Perfected status confers upon the secured party the right to recover the value of his claim from the collateral prior to any distribution of such proceeds to creditors holding subsequently perfected interests and unsecured creditors, but subject to the claim of creditors holding previously perfected interests.

State Law Compliance: Designed for use in West Virginia.

This packet includes:
(1) UCC1 Financing Statement that can be filled out on your computer.

Among others, this form includes the following provisions:

Name and mailing address of the debtor

Name and mailing address of the secured party

A description of the collateral