The law of secured transactions is often called a "trap for the unwary," especially for bankruptcy lawyers. This session will address common (and costly) mistakes that result in avoidance and missteps in the repossession and sale of collateral. The panelists will take up tricky perfection issues, priority and questions of scope — so you can navigate secured transactions with confidence, not caution tape.
Learning Objectives:
- Understand the scope of UCC Article 9 — what it covers and when other law governs.
- Identify errors that lead to avoidance and learn how to prevent them.
- Apply the legal requirements for repossession and sale of collateral, with particular attention to the law developed in Colorado, Utah and Wyoming.