Bankruptcies are On the Rise and What This Means for Transactional Attorneys
Under the Bankruptcy Code, for a secured lienholder to have a priority to the debtor’s assets, it must be perfected under Article 9 of the Uniform Commercial Code (UCC).
Elina Balagula, a licensed attorney with over 10 years of legal experience, is a UCC and transactional subject matter expert for CT Corporation’s law firm clients. She consults on due diligence strategies, corporate compliance, and presents CLE seminars on these topics at Am Law 100 law firms and professional associations. Previously, she served as General Counsel for a NYC-based financial services firm, handling commercial finance transactions and advising on corporate governance. She also practiced commercial and bankruptcy law at a national law firm and clerked in the U.S. Bankruptcy Court for the District of Delaware. Elina earned her J.D. from Fordham University School of Law and her B.S., magna cum laude, from New York University, and is a member of the state bars of New York and New Jersey.
Under the Bankruptcy Code, for a secured lienholder to have a priority to the debtor’s assets, it must be perfected under Article 9 of the Uniform Commercial Code (UCC).