Article 9 Sales Offer Alternative to Judicial Processes
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Article 9 Sales Offer Alternative to Judicial Processes
By C.J. Harayda & Kayla D. Britton, Associates, Faegre Baker Daniels LLP
The Uniform Commercial Code (UCC) provides a framework to allow a secured party to foreclose its security interest in personal property after a default without judicial proceedings. The secured party may then proceed to take possession of the collateral and render it unusable or dispose of it on...
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Kayla D. Britton is an attorney with Faegre Baker Daniels LLP in Indianapolis. She represents debtors and creditors in and out of bankruptcy and has specific experience in business reorganization, restructuring, and liquidation. She also represents companies in creditors’ rights or commercial or sale transactions. Britton holds a bachelor’s degree from Purdue University, and a law degree, summa cum laude, from Indiana University Robert H. McKinney School of Law.
C.J. Harayda is an attorney with Faegre Baker Daniels LLP in Minneapolis. He represents financial institutions, retailers, and other creditors with a focus on distressed asset sales in and out of bankruptcy proceedings, financial restructuring, and bankruptcy-related litigation. Harayda holds a bachelor’s degree from the University of Minnesota and a law degree from the Indiana University Maurer School of Law.
