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Debt Relief:Definitions: Difference between revisions
→Liens
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===Liens=== | ===Liens=== | ||
* | *When the creditor can legally claim the property of the debtor by placing a lien on the property until the debt is paid. | ||
===Liquidation=== | ===Liquidation=== | ||
* | * When a debtor may be legally ordered to sell all assets in order to settle debts. | ||
===Secured Credit=== | ===Secured Credit=== | ||