Dealing With Defaults Under Article 9 of UCC: A Player’s Guide for the 21st Century

Dealing With Defaults Under Article 9 of UCC: A Player’s Guide for the 21st Century, by Etahn Cohen and Jonathan P. Friedland, begins with a summary of the legal remedies available under Article 9 of the UCC to a lender whose loan is secured by the personal property of a borrower who is in default. The article then discusses how these legal remedies can be implemented in practice. Also reviewed are a borrower’s possible responses to lender actions. Part II of the article explores the dynamics of the application of these legal provisions through a series of hypotheticals designed for the non-attorney. The article assumes that readers have no prior knowledge about the subject.

The article was first published by Thomson Reuters in UCC Law Journal, Volume 50, No. 3 and is reprinted here with the permission of Thomson Reuters.

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[Editors’ Note: To learn more about this and related topics, you may want to attend the following on-demand webinars (which you can listen to at your leisure and each includes a comprehensive customer PowerPoint about the topic):

• Dealing With Defaults
• A Distressed Company and Its Secured Lender
• Help, My Business is In Trouble!]

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