Video

  • 9 minutes

Understanding UCC Article 9 Forclosures - Distributions and Deficiency

 

UCC 9-615 defines what the secured party must do with the proceeds of a sale and what they can be applied to. This video will provide an overview that will help the borrower, lender, and their lawyers to understand distributions and deficiency.

Runtime: 9 minutes

Agenda

Faculty

Hugh McCullough

Hugh McCullough

Davis Wright Tremaine LLP

  • Partner in the Seattle office of Davis Wright Tremaine LLP
  • Advises clients in litigations and transactions involving bankruptcy, the payments industry, and secured financings
  • He regularly helps clients with matters that never reach a courtroom, but in cases requiring litigation, he has argued and won in the Washington Supreme Court, the 9th Circuit Court of Appeals, and federal courts around the country
  • Conducts regular seminars on topics related to bankruptcy and the rights of secured creditors
  • Member of the American Bankruptcy Institute and the Turnaround Management Association
  • J.D. degree, cum laude, Northwestern University School of Law; B.A. degree in history and political science, Kansas State University
  • Can be contacted at [email protected] or 206-622-3150

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