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90 Second Lessons

What is Article 9 of the UCC

90 Second Lesson: What is a “UCC Article 9” Sale?

An Article 9 sale allows a creditor to sell its collateral to a third party in a private or public sale without the need for judicial proceedings.


90 Second Lesson How a Licensee is Treated in the Bankruptcy of its Licensor

90 Second Lesson: How a Licensee is Treated in the Bankruptcy of its Licensor

A reader named Harvey M. wrote in to ask this question: my business licenses certain intellectual property from another company. I am concerned that that company, which we can call “Licensor,” may file for bankruptcy. What will happen to our license if Licensor indeed files?


90 Second Lesson: Early Warning Signs of a Troubled Loan

90 Second Lesson: Early Warning Signs of a Troubled Loan

Considering making a secured loan? The DailyDac Editors give key insight to becoming a secured creditor, and what to identify about distressed borrowers.


90 Second Lessons: Working for a Struggling Business: Can this Car Be Turned Around?

Is the company that you work for struggling? Find out what this means for an employee who is working for a struggling business that may file for bankruptcy.


90 Second Lessons: Nothing in Life is Certain but Death and Taxes: Cancellation of Debt Income

Editor’s Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it. Question Robin T. wrote in asking, I own a small retail chain that has been struggling. I hired a lawyer to negotiate with my creditors, and […]


90 Second Lessons: Virgin Lender, Virgin Land: When the Collateral is Dirt

Editor’s Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it. Question Tom S. wrote in asking, I am a hard money lender and have loaned on all sorts of collateral, but I’ve never loaned on raw […]


90 Second Lessons: The Mindset of a Real Estate Workout Lender

Editor’s Note: this is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it. Question Russell S. wrote in asking, “I have a real estate portfolio that consists of several commercial buildings, and my loans are badly in default. My […]


Article 9 Sale

90 Second Lesson: What is a UCC Article 9 Sale?

An Introduction to UCC Article 9 Question: What is it? Jack B. emailed, asking, “Please explain what an Article 9 sale is. My lawyer said that if I give a security interest to a lender, it can do an Article 9 sale.  What is an Article 9 sale?” Answer: It’s a Creditor’s Remedy to Enforce […]


Stalking Horse

90 Second Lesson: Stalking Horse Bid, Yay or Neigh?

The Pros and Cons of a Stalking Horse Bid Question: Why Be A Stalking Horse Bidder? A stalking horse bid is an initial bid on a distressed company’s assets made by an interested party that the bankrupt company (debtor) chooses to participate in a 363 sale. The stalking horse bidder agrees to purchase the specific […]


Too Late for Distressed Business?

90 Second Lesson: Is a Business Turnaround Still Possible?

How to Know When It’s Too Late for a Distressed Company [Editors’ Note: This lesson is part of our irregular series in which we answer readers’ questions. If you have a question, submit it to [email protected] and we will try to answer it.] Question Depending on the extent of a company’s financial and management woes, […]


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