Our Creditors' Remedies attorneys answer the most asked questions from their clients.
1. What happens at a real estate foreclosure sale?
The sheriff of the county where the real estate is located reads the published...more
The Federal Reserve (the “Fed”) announced the establishment of a $600 billion Main Street Lending Program (the “Program”) to support lending to small and medium-sized businesses impacted by the COVID-19 pandemic. The funds...more
In a recent decision, a U.S. Court of Appeals held that the filing of a UCC-3 termination statement in a relatively simple payoff transaction between General Motors and a lender was still considered "authorized," despite the...more
On July 9, 2014, in Citizens State Bank Norwood Young America v. Gordon Brown, et al., the Minnesota Supreme Court held that Minnesota's Uniform Fraudulent Transfer Act ("MUFTA") may be applied to transfers of assets made as...more
Most lenders know that a bank cannot repossess collateral after a borrower files bankruptcy unless the bank first obtains relief from the automatic stay. But can a bank retain collateral that it repossessed before the...more