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Miller & Martin | Published Articles
Article: Strict Foreclosure Offers Out-of-Court Alternative to 363 Sales
Tim Silvis co-authored "Strict Foreclosure Offers Out-of-Court Alternative to 363 Sales," featured in the June 2010 issue of The Journal of Corporate Renewal. This article focuses on strict foreclosure (sometimes referred to as an Article 9 foreclosure or friendly foreclosure), an out-of-court restructuring approach under section 9-620 of the Uniform Commercial Code. The authors identify when a distressed situation is ripe for the use of Section 9-620 and highlight practical high-level issues to consider in determining whether Section 9-620 is appropriate for a particular situation.
To read the full article, please click here.
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