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so what is a ucc one and how does it work a uniform commercial code form number one is a form creditors use to secure their interest in property in that sense a ucc one form is to personal property what a mortgage or deed of trust is to real estate so creditors use this form to secure collateral for loans for example say john wants to open a gym and needs to borrow money for his gym equipment the bank will generally record a ucc one and describe the gym equipment that secures the loan if john does not pay back the loan the bank can seize and sell the gym equipment to recoup the loan proceeds hi im the business guy with lawyers limited and the purpose of this video is to help you grasp the concept and see how easy it is to understand what the ucc one form does ive been in the asset protection from lawsuits business since 1991 and bringing my personal experience our company started in 1906 we have attorneys on staff and employees nationwide and if youre watching this on youtube can yo
