Winthrop & Weinstine attorneys Dan Beck and Michael Rosow will be presenting a three-part series in collaboration with the Independent Community Bankers of Minnesota. The series is designed to both serve as an introduction for those who have not previously encountered financially distressed borrowers and as a refresher course for those who have weathered previous recessions.
The second segment will focus on repossession and foreclosure of non-real estate business assets, consisting of inventory, accounts receivable, equipment, and/or general intangibles. We will discuss the steps to repossess and realize on collateral after default. The training will cover topics like liquidation agreements, voluntary surrender agreements, self-help repossession, set-off, 9-607 demands, private and public Article 9 sales, strict or partial strict foreclosure and, under certain scenarios, the use of receiverships to sell or liquidate a business or the assets of a business. Participants will receive course materials, including the Basics of Repossession and Foreclosure of Personal Property Under Article 9.
For more information or to register, click here.