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How Does A Creditor Become A Secured Creditor?

By Law Offices of Stephen Orchard |

Secured property gets special treatment in the law. Unlike with unsecured debts, with secured debts, the creditor can take back any property that secures the debt. Unsecured creditors, like medical debt, or credit card debt or pure monetary judgments, don’t get this kind of treatment. Certainly, some debts in bankruptcy are legitimately secured. These… Read More »

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