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What Is Secured Collateralized Debt?

They are a home or automobile and are an entirely different story. If the creditor can simply repossess the property, why should he negotiate? The debtor can often renegotiate a short payment relief with a secured debt but won't attempt to settle the account while the debtors still possess the property.

Speak to an Experienced Creditors Rights Attorney Today

This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditors rights lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local creditors rights attorney to discuss your specific legal situation.

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