This interactive webinar provides an overview of how the use of an Article 9 sale can be beneficial for business preservation, giving the seller incentive by providing the opportunity to earn from the new business in a non-ownership capacity and giving creditors the chance to increase recovery value on defaulted loans.
TMA Central Texas:
As a streamlined alternative to bankruptcy or ABCs, a strategic UCC Article 9 short-sale of business assets can resolve and relaunch a business operation, predictably and efficiently, requiring only the consent of the senior creditor and defaulting borrower. Through a senior lender’s Article 9 sale of ‘in-use’ assets, an uninterrupted and unencumbered business operation can be passed into a new legal entity, under new ownership.
This interactive webinar provides an overview of how the use of an Article 9 sale can be beneficial for business preservation, giving the seller incentive by providing the opportunity to earn from the new business in a non-ownership capacity and giving creditors the chance to increase recovery value on defaulted loans.