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Course/Product Description
Title:

Understanding UCC Article 9 Foreclosures

SKU:WC-1016930
Date / Time: Recorded
Format: Webinar
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Description:

Many lenders and borrowers aren't familiar with the full range of remedies available after a borrower defaults on a secured obligation, and the lender decides to foreclose on its collateral.

Article 9 of the Uniform Commercial Code is a powerful, but sometimes misunderstood, tool for borrowers and lenders. This topic helps borrowers, lenders, and their lawyers to understand what they can and can't do under Article 9. Lenders and their lawyers will learn how to best use their rights under Article 9 to collect on defaulted obligations. Borrowers and their lawyers will learn how to protect their rights against lenders who, in their zeal, may overstep the limits imposed on their powers by Article 9.

Agenda

Necessary Preparations and Preliminary Steps

  • Identifying Collateral
  • Perfection
  • Default and Right to Foreclose
Public and Private Sales
  • Public and Private Sales Distinguished
  • Procedures for Public and Private Sales
  • Commercially Reasonable Disposition
Strict Foreclosure
  • Distinguishing Features
  • Procedures for Strict Foreclosure
  • Benefits and Risks of Strict Foreclosure
Other Article 9 Remedies
  • Notices to Account Debtors
  • Setting off Deposit Accounts
  • Recording Security Agreement in Land Offices
Application of Proceeds, and Post-Foreclosure Issues
  • How to Apply Proceeds of Collateral
  • Effect on Subordinate Interests
  • Preference and Fraudulent Transfer Issues
About The Presenter

Hugh McCullough
  • BULLET 1
  • Partner in the Seattle office of Davis Wright Tremaine LLP
  • Deputy chair of the firm’s commercial litigation practice
  • Regularly advises clients in complex commercial and bankruptcy litigation, state court receiverships, in-court and out-of-court restructurings, and secured financing transactions
  • Started his legal career with Davis Polk & Wardwell in New York, and joined Davis Wright Tremaine in 2009
  • Member of the American Bankruptcy Institute and the Turnaround Management Association
  • Graduate of Kansas State University and the Northwestern University School of Law


Cannot Attend The Live Presentation?

This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.

About Webcasts / Audio Conferences / Podcasts:

Webcasts, audio conferences, and podcasts are presentations that you attend via the Internet, phone, or mobile device at a specified date and time for "live" versions, or at your convenience for "recorded" and "On-Demand" versions.

The live versions are interactive, meaning that participants can ask questions in real time, plus are a very cost-effective form of training because 1) you receive fast, convenient learning without any out-of-office time; 2) you can invite as many colleagues as you'd like to listen in on a single phone line; 3) you incur no travel expenses; and 4) you and your colleagues are back at work immediately after the session ends!

And though with recorded versions you do lose the ability to ask questions, you gain the ability to hear the presentation numerous times and to share it with others in your office.

Handout materials and the phone number for live presentations are made available to you prior to the event via email from the presenter and from the "MyAccount" link on the menu bar. Copies of the presentations are included with recorded versions.

About The Provider: Lorman Education Services has provided educational seminars and online training for professionals since 1987.

Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.

That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.

Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
More Info: Contact Us For More Information
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