Webinar: UCC Foreclosures on Collateral
Paul Hastings Finance and Restructuring Partner, Peter Burke, is a featured speaker to discuss "UCC Foreclosures on Collateral: Protecting Creditor and Borrower Interests and Evaluating Article 9 Alternatives."
As defaults on commercial loans continue, secured creditors face greater challenges protecting their interests. While bankruptcy may be the preferred avenue for secured creditors, a foreclosure under UCC Article 9 can be a better option in some cases. Foreclosure under Article 9 can be quicker, less expensive and more predictable than a Section 363 sale. The UCC foreclosure process contains pitfalls for creditors and obstacles that must be addressed. With careful planning, counsel can overcome these issues and minimize the risks.
Peter Burke and his fellow panelists will review the circumstances under which a UCC foreclosure is the preferred option to protect a distressed loan. The panel will discuss the UCC foreclosure process and outline best practices to address obstacles inherent in UCC foreclosures.
DATEThursday, October 18, 2012
TIME1:00 pm - 2:30 pm ET
CLE CREDITThis webinar is eligible for at least 1.5 general CLE credits.