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To receive the proceeds, before others, fom the sale of the secured property.
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∙ 12y ago
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What makes a secured creditor a secured creditor?
A secured creditor is one who has a contract with you that says if you fail to pay, the creditor can take a specified item you own to satisfy the debt. Most common are purchase-money loans, such as mortgages or car loans, but it can be any item.
What does hindering a secured creditor mean?
Hindering a secured creditor means hiding or concealing property that is theirs. It can also mean not releasing information about a debtor that you would know.
Defrauding a secured creditor law in Texas?
In law 48, what is a creditor? Is law 48 fair to creditors?
What can a creditor do if you stop payments on a secured loan that was not reaffirmed?
Repossess or foreclose on the secured property if the agreement is in default.
Does Tennessee have a law against defrauding a secured creditor?
yes
Can creditor go after you discharged in court for a secured item?
A creditor cant take you to court over a secured debt. However, if they have a security interest in any of your property, they can still foreclose on that property.
What are creditors holding secured claims?
If you signed a Security Agreement, then your creditor has a secured claim on the collateral specified in the agreement.
Can you be served a warrant for hindering a secured creditor?
I am not sure how it is for each state, but I do know that in the state of Tennessee it is a Class E felony and warrants can be served if everything meets the criteria of "Hindering a Secured Creditor".
What is a secured party creditior?
A creditor is a person or organization to whom one owes money. A secured party creditor is one who has a lien on tangible property, such as a car or house, until the money is paid back.
Trustees motion to deem secured claim withdrawn?
This is not a question. If your question is, "What happens when the trustee moves the Court to declare a secured claim withdrawn," then one should object, particularly if the secured creditor still has a claim. If this is chapter 7, a secured creditor has no claim except on its collateral. In chapter 13, fight for your claim.
What happens when two secured parties claim security interests in the same collateral?
When there are two secured parties claiming security interest in the same collateral, the creditor that is perfected (having filed a financing statement) will have priority over the interests of an unsecured creditor or unperfected secured party
Discuss the rights of surety against the creditor and the principal debtor?
rights of surety against principal debtor and principal creditor
