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

Recording of a 90-minute CLE webinar with Q&A


Conducted on Tuesday, March 20, 2018

Recorded event now available

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Program Materials

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

Bentley, James
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

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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:

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