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Allen Fagel

Partner

Chicago
312 580 2217 direct
312 782 1657 fax

Allen Fagel practices in Thompson Coburn’s Corporate & Securities area.

He has 48 years of experience representing public and private sector companies, as well as individuals, in asset-based and other secured financial transactions, documentation ranging from credit policies to credit applications, and consignment and security agreements.

The documents he has created are used by numerous Fortune 500 companies.

Created a consignment sales arrangement, including documenting and perfecting interests, for one of the world's largest manufacturers of hosiery. The program continues to be a model for selling under the consignment/security interest provisions of the Uniform Commercial Code.

Continues to create and draft consignment and purchase money security arrangements for companies with sales ranging from $50 million to well in excess of $1 billion.

Publications

"Bad Check Laws - A 50 State Guide of Rights & Remedies";
The Credit Research Foundation, Updated 2009

"Consignments Are Still Alive and Well: Although a Reading of Certain Sections of Revised Article 9 of the UCC Might Lead One to Believe Otherwise";
The Credit Research Foundation, January 2002

Co-Author & Editor, "Secured Transactions: Practical Alternatives to Open Account Credit";
The Credit Research Foundation, 2000

Co-Author, "New Life for an Old Remedy: Reclamation from Insolvent Buyers and Bankruptcy Debtors";
Business Credit, January 1998

"Selling on Consignment: Another Tool in the Credit Arsenal";
Business Credit, October 1996

"DePrizio Revisited: Avoiding the Extended Preference Period";
Business Credit, March 1992

"Rights of Reclamation: How to Use Section 2-702 of The Uniform Commercial Code";
Business Credit, June 1989

Motions, Affidavits and Orders, Vol. I;
Illinois Civil Practice, Illinois Institute For Continuing Legal Education, 1987

"Rights on Inventory: Using The Purchase Money Security Interest";
Credit and Financial Management, January 1986

Presentations

"The Credit Application: Starting Off on the Right Foot with New (and Sometimes Old) Customers";
NACM Gateway Region Presentation, April 2005

"Secured Transactions: A Comprehensive Guide";
IOMA Audio Conference, August 2004

"Credit and Law";
GAIN/PACE Conference, March 2004