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| Saxowsky, David M.; Monson, Eric. |
| The financial stress and economic difficulties which characterized sectors of the agriculture industry during the 1980s may continue to trouble some producers into the 1990s as a result of drought and international competition. This report explains legal alternatives available to creditors for using a borrower's personal property to satisfy debt secured with personal property as well as unsecured debt. A debt is secured when a creditor has a lien; that is, the legal right to seize and use some of the borrower's property to pay an obligation. An unsecured debt is not accompanied with a legal right entitling the creditor to seize some of the borrower's property if the obligation is not paid. Instead, a creditor must convince a court that an amount is owed,... |
| Tipo: Report |
Palavras-chave: Consumer/Household Economics; Financial Economics. |
| Ano: 1991 |
URL: http://purl.umn.edu/51198 |
