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Posts Tagged: debtor and creditor

Collecting on a Debt > Helpful Tips

Advancing the rights of creditors generates a significant amount of litigation. This is especially true in the case of unsecured creditors. A creditor is unsecured if he or she is:

Owed a debt by another party, and There is no contract between the debtor and the creditor that allows the creditor to take possession of the debtor’s assets to satisfu the debt.

It is often that a creditor successfully sues a debtor and obtains judgment in his or her favour. The problem then turns to enforcement: how can a creditor locate the debtor’s assets in order to satisfy the judgment?… Continue Reading