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After three years of litigation, your client, Ron Smith, has won a judgment against his former employer, the Subterranean Circus, Inc. (SCI), in the amount
After three years of litigation, your client, Ron Smith, has won a judgment against his former employer, the Subterranean Circus, Inc. (SCI), in the amount of $76,000. SCI's lawyer says you might as well forget about collecting the company has no unencumbered assets. Your UCC search suggests otherwise. There are four financing statements, all showing Glacier Bank as the secured party. Each describes the collateral as "fixtures and equipment located at [a particular address where SCI has a store]." The address of a fifth SCI store on Trimble Avenue is not on any of the financing statements and there is no other public record showing any kind of lien against the fixtures and equipment located there. You know from talking with the landlord at the Trimble Avenue location that the fixtures and equipment were installed new and had never been used in any other store. Smith wants to levy on the
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