By Paul Hodnefield, Esq. Debtors have been known to sell or otherwise transfer assets subject to a security interest without the knowledge of the secured party. When this occurs, the transferee often takes subject to the security interest, which can
By Paul Hodnefield, Esq. One of the most powerful risk management tools available to commercial lenders is the purchase-money security interest (“PMSI”). The PMSI provides the secured party with a super priority over conflicting security interests in the same collateral.