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in this short video im going to take a little bit of time to talk to you about the collision between the federal bankruptcy code and article 9 of the ucc for example there are often situations where debtor enters into bankruptcy when this happens when the debtor becomes insolvent and formally files a petition for bankruptcy the bankruptcy trustee assumes awesome powers that has a monumental impact on secured and unsecured creditors creditors who are perfected and creditors who are unperfected in either case so there are a couple different uh sections of the federal bankruptcy code that can absolutely knock out the rights and the interests of creditors who might have had particular interests or rights that were given to them under state law under article 9 of the ucc so lets just go through some of these key provisions of the bankruptcy code that impacts article 9 creditors under article 9 of the ucc for example theres one important consideration from the date and the moment in time
