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Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 406819
 
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Understanding UCC Article 9 Foreclosures

Live Webinar
January 28, 2020
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart

Explore whether a UCC foreclosure or an alternative remedy is the best option as the next downturn approaches so that all parties can be prepared.

There are indications that an economic downturn may be coming sooner than later, and many secured parties have not had to conduct a UCC foreclosure or otherwise exercise remedies over the last several years. Some of the lessons and nuances of workouts, foreclosures and other remedy enforcement that were learned during the last downturn have been forgotten during the intervening economic boom. This topic reminds both lenders and borrowers of those lessons and nuances. In particular, this topic will explore whether a UCC foreclosure or an alternative remedy is the best option, why workouts often benefit all parties involved and how UCC foreclosures operate when different collateral classes are involved. This information is critical as the next downturn approaches so that all parties can be prepared.

Learning Objectives

• You will be able to describe when a UCC foreclosure makes sense, and when other alternatives may produce a better result.

• You will be able to to discuss what kinds of remedies best suit different classes of collateral and different situations.

• You will be able to explain why it makes sense for all parties (including secured parties) to try to workout a troubled credit before commencing foreclosure.

• You will be able to identify some potential pitfalls in a UCC foreclosure before they become actual pitfalls.

Registration

Live Webinar$219Register Now
Can't Attend?   Audio & Reference Manual$219Add to Cart