TELESEMINAR: UCC Article 9 Practice Toolkit: From Attachment to Remedies, Part 2 – A National Perspective
November 14, 2012
12:00 – 1:00 p.m.
1.00 MCLE hours
Basic and complex secured transactions – the loan of money in exchange for a security interest in collateral – are part of most business and real estate transactions. They are essential to financing new ventures, real estate projects, and everyday business operations, including inventory and equipment and accounts receivable finance. They are also subject to the complexity of UCC Article 9, which can make them more costly, difficult to draft, and introduce risks into enforcement and foreclosures. Failure to comply with UCC Article 9 in drafting security agreements, perfecting the interest, or in enforcement can easily cause the value of the transaction to be lost. This program will provide you with a real-world guide to drafting the most important components of a security agreement, perfecting the interest, and cost-effective enforcement of liens in an uncertain economy. Part 2 of 2.
- Legal and practical framework for the foreclosure of personal property under UCC Article 9
- Guidance on foreclosing on equipment, inventory, intellectual property, accounts receivable, and other asset classes
- Duties of junior creditors to senior creditors on foreclosure
- Rights to proceeds of foreclosure sales and reducing foreclosure costs
- Rights of guarantors
- Debtor remedies in the event of a secured party default
- Cost-efficient alternatives to foreclosures and circumstances when these alternatives are available
William C. Holland, Bryan Cave HRO, LLP, Denver