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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

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.


[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):

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The editors and editorial board of DailyDAC include preeminent restructuring and insolvency professionals, journalists, and editors. They are devoted to providing reliable and plain English education and deal intelligence about assignments, corporate bankruptcy, receiverships, out-of-court workouts and similar topics.

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