Commercial Collection, Debtor, Lender and Repossession

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Commercial Collection

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Repossession

How Can a Secured Creditor Repossess Collateral Without Breaching the Peace?

Jimerson Firm

NOVEMBER 16, 2020

When a borrower applies for a loan, most lenders require the borrower to pledge an asset as security for the repayment of the loan, i.e. collateral. The quickest and cheapest way for a secured creditor to take possession of the collateral is by self-help repossession. Debtor’s Consent to the Entry and Repossession.

Secured Creditor

Secured Creditor Collateral Repossession Creditors

SBA Loans: How to Maximize Recovery by Liquidating Personal Property

Jimerson Firm

NOVEMBER 23, 2020

When a small business association (“SBA”) loan is converted to liquidation status, the lender must begin liquidating the collateral. Lenders must liquidate all personal property that has a Recoverable Value over $5,000. In Florida, the lender can choose from the following methods: UCC Sale. See SOP 50 57. 679.609(2)(b), Fla.

Collateral

Collateral Loans Secured Creditor Lender

Creditor Collections Today

How Can a Secured Creditor Repossess Collateral Without Breaching the Peace?

SBA Loans: How to Maximize Recovery by Liquidating Personal Property

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