Day 1:
- Lifecycle of UCC Article 9 secured transactions
- Drafting cost-effective and enforceable security agreements
- What to do when something about the debtor changes – e.g., name, location, ownership
- Accounts receivable, inventory, equipment, intellectual property
- Anti-assignment provisions regarding collateral
- Enhancing enforceability of security agreements and reduce risks in foreclosure
Day 2:
- Framework for the foreclosure of personal property under UCC Article 9
- Foreclosing on equipment, inventory, intellectual property, and accounts receivable
- Duties of junior creditors to senior creditors on foreclosure
- Rights to proceeds of foreclosure sales and reducing foreclosure costs
- Rights of guarantors
- Debtor remedies in the event of a secured party default
- Cost-efficient alternatives to foreclosures and circumstances when these alternatives are available
Faculty: Steven O. Weise, Proskauer Rose LLP, Los Angeles, CA