transcript   Transcript

When Things Go Wrong: UCC Article 9

Recorded on: Jan. 13, 2017
Running Time: 02:03:40

Full Transcript:

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Taken from the Web Program Secured Transactions 2017: What Lawyers Need to Know About UCC Article 9 recorded January, 2017 in New York.

When Things Go Wrong: UCC Article 9 [02:03:40]

Default and Enforcement

  • Planning an exit strategy
  • Has there been a default?
  • Collecting deposit accounts
  • Repossession and landlord waivers
  • Intellectual property collateral
  • Judicial or non-judicial enforcement?
  • The commercially reasonable sale
  • Public vs. private sale
  • The secured party’s right to buy in
  • Debtor remedies for noncompliance
  • Foreclosures
  • Securities laws impact on secured party remedies

Kenneth J. Carl, Sandra S. Stern


  • How does bankruptcy affect liens?
  • Automatic stay
  • Avoidance actions and powers of the Trustee
  • Preferences
  • Fraudulent Conveyance
  • Adequate protection

Stephen D. Zide

Article 9 Case Law Update

  • Recent developments in case law:
    • Agreement drafting
    • “Traps” arising from recent decisions

Lynn A. Soukup, Steven O. Weise

The purchase price of this segment includes the following article from the Course Handbook available online:

  • When the Rubber Hits the Road: Enforcing Security Interests Under Article (Division) 9 of the Uniform Commercial Code (PowerPoint slides)
    Kenneth J. Carl
  • Riverisland Cold Storage, Inc. v. Fresno-Madera Production Credit Assn., 55 Cal. 4th 1169, 1171 (2013)
    Kenneth J. Carl
  • Chapter 23 Security Agreements: Enforcement and Remedies
    Sandra S. Stern
  • Liens in Chapter 11
    Stephen D. Zide

Presentation Material

  • Bankruptcy
    Stephen D. Zide
  • Commercial Law Developments - 2015/16
    Lynn A. Soukup, Steven O. Weise
  • Default and Enforcement - The Secured Party's Rights Under Article 9
    Sandra S. Stern
  • When the Rubber Hits the Road
    Kenneth J. Carl
Kenneth J Carl ~ Sheppard, Mullin, Richter & Hampton LLP
Lynn A Soukup ~ Pillsbury Winthrop Shaw Pittman LLP
Sandra S Stern ~ Law Offices of Nordquist & Stern PLLC
Steven O Weise ~ Proskauer Rose LLP
Stephen D Zide ~ Kramer Levin Naftalis & Frankel LLP
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