Try our Advanced Search for more refined results

Expert Analysis

Collateral Descriptions May Need More Specific Drafting

By Peter Beardsley ( June 4, 2019, 12:55 PM EDT) -- Secured creditors frequently don't focus too much on the collateral descriptions in financing statements. These descriptions are often drafted using the simplest terms for a number of reasons — the creditor opts for administrative simplicity to minimize the cost and hassle of future amendments to financing statements in transactions where the debtor regularly exchanges collateral of the same type; the debtor doesn't want to disclose specific pieces of collateral or investments or the descriptions were more of an afterthought than the focus of the deal....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!