Remove Accrued Interest Remove Judgment Remove Repossession Remove Unsecured Creditor
article thumbnail

SURVIVING FINANCIAL DISTRESS FROM COVID-19 IN THE RESTAURANT, BAR, AND SERVICE INDUSTRY

BN Lawyers

These parties could foreclose or repossess the property securing the loans. They could lock you out of your location or repossess equipment. These creditors are not of equal importance. Low Priority: Unsecured Lenders and other Creditors. Unsecured lenders should generally be willing to defer payments.