Pursuant to Uniform Commercial Code (UCC) § 9-515(c), a UCC-1 financing statement filed to perfect a secured party’s lien on personal property collateral lapses five years from the filing date unless the secured creditor...more
A recent decision by the U.S. Bankruptcy Court for the Southern District of Illinois underscores that creditors must exercise caution in relying on pre-petition waivers of the automatic stay in collection actions. ...more
6/11/2025
/ Automatic Stay ,
Bankruptcy Court ,
Commercial Bankruptcy ,
Contract Terms ,
Creditors ,
Debt Collection ,
Debtors ,
Forbearance Agreements ,
Loans ,
Secured Debt ,
Waivers
The Consumer Financial Protection Bureau (CFPB) – the federal agency tasked with enforcing, implementing, regulating and supervising consumer financial products and services across the country – is expected to see dramatic...more