Join Becker Shareholder Paul Shur
, Second Wind Consultants President Aaron Todrin
, and Becker Associate Attorney Samantha Lesser
on Tuesday, May 19 at 10 a.m.
as they discuss how a consensual sale of business assets can be arranged, the benefits when compared to other structured sales (such as bankruptcy), and some of the legal issues that arise in these transactions.
UCC Article 9 is the statute that governs secured transactions which provides remedies to secured creditors to liquidate assets pledged as collateral such as accounts receivable, inventory, equipment and intellectual property. In the last few years, however, it has transformed into an entirely different tool. No longer is Article 9 just a liquidation event, it is a business transaction that can preserve enterprise value in the face of default, failure, and economic loss.