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Professor Margit Livingston on Bankruptcy and Lapse of Perfection under U.C.C. Article 9

It is incumbent upon secured parties to file continuation statements within the six-month period before the expiration of their financing statements to ensure continued perfection. In a recent bankruptcy case, a secured creditor narrowly averted disaster when it let its financing statement lapse after...

Professor Margit Livingston on Legal Malpractice for Failure to File a U.C.C. Article 9 Financing Statement

Every secured party's nightmare is the realization that it forgot to file a financing statement in the appropriate public office to perfect its security interest. Sometimes that nightmare extends to the secured party's attorney, who may find herself facing a legal malpractice claim for failing...