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ABI Journal

Uniform Commercial Code/Article 9

A UCC Lien on ‘Accounts’ Won’t Attach to a Postpetition Sale of Real Property

Although a UCC lien on ‘accounts’ would attach outside of bankruptcy to proceeds from the sale of real property, Section 552(b) cuts off attachment if the sale occurs after filing

Abbreviating the Debtor’s Name on a UCC-1 Made the Security Interest Unperfected

Because Florida filing offices do not use ‘standard search logic,’ a financing statement must use the debtor’s precise, unabbreviated legal name.

Friday, June 10, 2022
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