Personal Property Foreclosure

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Understanding what it takes to repossess collateral and turn it into dollars is critical information for every secured creditor. Dickinson Wright is familiar with the nuances of personal property realization -- beginning with the various options secured parties have to get possession and control of their collateral through the ultimate disposition, or foreclosure, of collateral.

Our Services

  • Representing clients in state and provincial court litigation and in seeking relief from stay requests in bankruptcy to recover possession of collateral. 
  • Advising clients on the procedural requirements for commercially reasonable public and private sales of collateral under Article 9 of the Uniform Commercial Code and proper realization procedures in Canadian provincial courts. 
  • Conducting orderly out-of-court liquidations of all or a portion of a borrower’s assets. 
  • Counseling clients on whether to accept collateral in full or partial satisfaction of a debt.
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