Hilco Global’s Article 9 foreclosure services help lenders conduct a commercially-reasonable processes before taking back their collateral, whether they run a value-maximizing processes to liquidate their position or use sale processes to determine the best path to take. Our process allows a foreclosing lender to feel confident in the commercially-reasonable nature of a sale process and allows their counsel to focus on the legal details and documentation of the sale.
What We Do:
- Manage the publication of formal notice requirements
- Develop a target outreach list and lead outreach
- Manage access to a data room and diligence services
- Build asset specific bidding guidelines
- Manage the bidding process and sale
- Issue a declaration of commercially reasonable sale
We have experience in numerous jurisdictions including New York, Delaware, California and Michigan.
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