By Lawrence R. Ahern III, Brown & Ahern (Nashville, TN)
PART III – DELAYED PERFECTION OF SECURITY INTERESTS
Current circumstances (a pandemic and dire economic conditions) portend an onslaught of bankruptcy filings. In the consumer bankruptcy field, trustees and debtors' counsel often are uncomfortable with the rules in Article 9 of the Uniform Commercial Code (UCC). In this space, we have previously looked at topics involving financing statements (UCC-1s), which touched on the interplay of Article 9 and the Bankruptcy Code.1
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