You need to know some law to really understand how to profit from corporate distress. One critical element of that is the Bankruptcy Code. Perhaps even more important, however, is Article 9 of the Uniform Commercial Code. Installment #12 of the series, Dealing with Corporate Distress, gives you an overview of the UCC, with an emphasis on Article 9. Aptly titled, Meet Our Little Friend, The UCC, it is a must-read for anyone interested in business bankruptcy, distressed investing, or dealing with corporate distress.
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