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0 tracked cards Supplemental - Not MEE July 2026

Borrower already owed Lender $50,000 on an unsecured loan. Borrower then signed an adequate security agreement granting Lender a security interest in Borrower's equipment to secure the existing debt.
Can the existing debt satisfy the value requirement for attachment?

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Yes, but only if the debt is less than $10,000. Yes, an antecedent debt can constitute value for Article 9 attachment. Yes, but only when the debtor is a consumer. No, because value is relevant only to priority and never to attachment.

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