Janetti Inc, a Montreal sweater manufacturer, concludes a security agreement with Bank Y in which it gives the bank a security interest in all of Janetti’s accounts receivable in exchange for a loan of $1 million. Janetti then files for bankruptcy, and the bank gives notice that it seeks to realize on its security. Bank Y recovers only $300 000 from the accounts and wants to know if it can claim the balance of its loan in some way. What if, instead, it were able to recover $1.2 million?