Reasonable dispositions is not a waivable duty.
The first and most important rule of dispositions is that every aspect of disposition must be commercially reasonable. This rule should extend throughout process, beginning with collecting collateral and then selling it; and includes the form of notices. Commercially reasonable dispositions have no statutory definition and will depend on facts and circumstances. This video reviews the traditional debate of the distinction between process and outcome, and discusses statutory safe harbors.
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Agenda
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Faculty
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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