UCC Security Interests in Proceeds of Collateral: Perfection, Priority and Impact of Debtor's Bankruptcy

A live 90-minute CLE webinar with interactive Q&A


Tuesday, March 20, 2018

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

Early Registration Discount Deadline, Friday, February 23, 2018

or call 1-800-926-7926

This CLE webinar will provide finance counsel with a thorough understanding of UCC and Bankruptcy Code treatment of security interests in proceeds of original collateral. The panel will discuss recent legal developments and special issues concerning attachment, perfection and priority of security interests.

Description

Security interests in proceeds of collateral raise complex issues under UCC Article 9 and the Bankruptcy Code. It is unclear when a secured party may claim an Article 9 security interest in proceeds of collateral when the collateral existed pre-petition but the proceeds arose post-petition. There are specific considerations to create and perfect a security interest in proceeds of collateral.

Counsel advising secured parties and debtors must understand how proceeds of collateral are treated under the UCC and Bankruptcy Code to adequately protect their clients’ interests. Counsel must stay on top of developments impacting security interests in proceeds of collateral, including recent case law, tracing rules and unique types of collateral/proceeds.

Listen as our panel of finance attorneys provides best practices for advising clients holding security interests in proceeds of original collateral in commercial loans. The panelists will offer their perspectives and experiences on navigating the complex and special issues that arise under Article 9 and the Bankruptcy Code.

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Outline

  1. Treatment/restrictions on proceeds of collateral under the UCC and Bankruptcy Code
  2. Legal trends and developments affecting attachment, perfection and priority of proceeds of collateral
  3. Special issues with unique types of collateral/proceeds

Benefits

The panel will review these and other key issues:

  • How broad is the scope of “proceeds” defined in UCC Article 9? What are the limits on proceeds?
  • How has recent case law addressed the treatment of proceeds of collateral when there are competing claims?
  • What are the potential pitfalls for secured parties seeking attachment, perfection and priority of secured interests in proceeds of collateral?

Faculty

James T. Bentley
James T. Bentley

Special Counsel
Schulte Roth & Zabel

Mr. Bentley represents financial institutions, private equity firms and others in reorganizations and out-of-court...  |  Read More

Joachim, Mark B.
Mark B. Joachim

Shareholder
Polsinelli

Mr. Joachim has more than 20 years of experience representing clients on complex financing arrangements. In the...  |  Read More

You, Ji Hye
Ji Hye You

Partner
Schulte Roth & Zabel

Ms. You focuses her practice on commercial and corporate finance transactions and representation of private equity...  |  Read More

Live Webinar

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Live Webinar

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Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$247

Download

48 hours after event

$247

DVD

10 business days after event

$247 + $9.45 S&H