Commercial Collection, Debtor, Repossession and Secured Creditor

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Commercial Collection

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Secured Creditor

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

Jimerson Firm

NOVEMBER 16, 2020

In the event the borrower defaults, usually by failing to make loan payments, a secured creditor has a right to take possession of the 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

Self-Help Repossession: In Florida, a secured creditor may use self-help repossession to take possession of collateral, provided its efforts do not breach the peace. If a secured creditor breaches the peace, it may be liable to the debtor for damage done to the debtor or its premises during an unauthorized entry.

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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