Section 9-607 of the UCC permits a secured creditor at any time, if so agreed, and, in any event after a default, to notify account debtors 5 and others that are obligated to the debtor to make ...

Although a secured creditor has an equitable duty to perfect its security, ... No duty owed to the debtor in relation to third party security .

Commentary Parent of Secured Creditor Does Not Automatically Gain Secured Status This decision underscores the need for precision and care in the drafting of loan documents, particularly with ...

Analysis 'Worthy' Clarifies Rights of Secured Creditors Under UCC In a unanimous decision in 'Worthy Lending v. New Style Contactors', written by Judge Rowan D. Wilson, the Court held that the ...

To comply with the direct notice exception, a secured creditor had to send the farm products purchaser a written notice listing (1) the secured creditor’s name and address; (2) the debtor’s ...

The Redemption Service Empowers More This Year With Its Secured Party Creditor Process & UCC1 Filing. Date. 2023-02-17 07:30:12 ...

Thinking about investing in, buying or even selling a distressed business -- one that seems to be beyond a turnaround? Then you'll want to consider a secured party sale. Allowed in most states, ...

A secured creditor cannot sell assets of a company undergoing liquidation process to any person barred from submitting an insolvency resolution plan, as per a new amendment made to the norms by ...