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Lawsuits can indicate issues with a seller’s financial history. It’s essential to look into these to understand any potential risks before buying.
Filing for bankruptcy can stop creditors from taking your property, but it can complicate things. Depending on the type, you might lose some assets.
A UCC statement is a way to say, 'I have a claim on certain assets.' It’s filed to let others know that the lender has a right to those assets if the borrower defaults.