When a debtor defaults on a loan secured by personal property, the secured lender has several options for repayment. One option is to sell the collateral securing the debt pursuant to Article 9 of the Uniform Commercial Code...more
6/3/2015
/ Article 9 ,
Buyers ,
Commercial Bankruptcy ,
Creditors ,
Debtors ,
Default ,
Foreclosure ,
Loans ,
Personal Property ,
Rebuttable Presumptions ,
Remedies ,
Sale of Assets ,
Successor Liability ,
Uniform Commercial Code (UCC)
The decisions by the Bankruptcy Court for the District of Delaware in In re Fisker Auto. Holdings, Inc., and the Bankruptcy Court for the Eastern District of Virginia in Free Lance-Star Publ'g Co., have sparked discussions as...more