Lenders Beware: Is Your Article 9 Sale Commercially Reasonable?
A recent survey conducted by DailyDAC, suggest that buyers of distressed assets are not likely to see auction notices in general circulation newspapers. Given legal requirement for Article 9 and other similar sales to be "commercially reasonable," according to DailyDAC, lenders must consider other vehicles for advertising. Chicago, IL (PRWEB) October 28, 2011 A recent poll, according to DailyDAC, suggests that the majority of buyers of distressed assets do not regularly search newspaper ads for public notices of sales or similar auctions held by trustees, assignees, and receivers
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