Article 9 Foreclosures can be difficult and time consuming for the lender, debtor and their attorneys. In running a process, there is a lot at stake for all involved. Lakewood Advisors working with our affiliated Broker Dealer, Pickwick Capital Partners, had become a leader in running UCC  Article 9 auctions. Our understanding of complex assets – e.g., intellectual property, niche businesses and unproven technologies – can help lenders and their lawyers meet the legally required standard of a commercially reasonable sale.

We have recently published a presentation describing our process for managing UCC foreclosure auctions. We are always available to discuss the process for a successful Article 9 auction and its advantages over a judicial foreclosure.