Chapter 26 Creditors’ Remedies & Suretyship

Slides:



Advertisements
Similar presentations
© 2004 West Legal Studies in Business A Division of Thomson Learning 1 Chapter 29 Other Creditor’ Remedies and Suretyship Chapter 29 Other Creditor’ Remedies.
Advertisements

Slides developed by Les Wiletzky Wiletzky and Associates Copyright © 2006 by Pearson Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany.
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Creditors’ Rights and Bankruptcy Chapter 16. Secured Transactions Article 9 of UCC A transaction in which the payment of a debt is secured by collateral.
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
© Cavico & Mujtaba, 2008 Business Law for the Entrepreneur and Manager Frank Cavico and Bahaudin G. Mujtaba Chapter 9 – Creditors and debtors – Rights.
 Liens: encumbrance (claim upon) on property to satisfy a debt, or protect a claim for the payment of debt.  Mechanic’s Liens: security for labor, materials,
Chapter 33 Section 1 Tom Loshinskie. Pledge ● Creditor may use debtor’s personal property as security ● Can be sold in case of a default ● Can be repledged,
Parties to a Mortgage Loan of Funds Security Interest in Real Property Owner-Debtor Borrower (“Mortgagor”) Creditor-Lender (“Mortgagee”)
 A person wants property (real or personal) or services but does not have money.  Person needs to become a debtor.
Florida Real Estate Principles, Practices & Law 38th Edition
BANKRUPTCY. COLORADO FILINGS TREASURERER’S RESPONSIBILITIES.
Legal Aid of Nebraska Lea Wroblewski (402)
33—1 Legal Protection of Creditors Pages
Thomson/South-Western©2008 Chapter 9 Mortgage Theory and Law _______________________________________.
Chapter 15 Creditors’ Rights and Bankruptcy
CHAPTER 39: CREDITOR RIGHTS, RESPONSIBILITIES, AND REMEDIES.
Chapter 25 Other Creditors’ Remedies and Suretyship
Commercial Law (Mgmt 348) Professor Charles H. Smith Creditors’ Rights and Remedies (Chapter 28) Spring 2009 Professor Charles H. Smith Creditors’ Rights.
Chapter 29 Other Creditors’ Rights and Suretyship.
Commercial Law (Mgmt 348) Creditors’ Rights and Remedies (Chapter 28) Professor Charles H. Smith Spring 2011 Creditors’ Rights and Remedies (Chapter 28)
Secured Transactions Overview of Enforcement Prepared by Professor Stephen L. Sepinuck © 2015 all rights reserved Overview of Enforcement.
Texas Real Estate Contracts 4 th Edition © 2015 OnCourse Learning.
Business Law and the Regulation of Business Chapter 51: Transfer and Control of Real Property By Richard A. Mann & Barry S. Roberts.
© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 27 Secured Transactions and Security Interests in Personal Property.
P A R T P A R T Credit Introduction to Credit and Secured Transactions Security Interests in Personal Property Bankruptcy 6 McGraw-Hill/Irwin Business.
Secured Transactions Assignment 27
Real Estate Law Mortgage Foreclosures Real Estate Law Mortgage Foreclosures.
© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
© 2007 West Legal Studies in Business, A Division of Thomson Learning Chapter 21 Creditors’ Rights and Bankruptcy.
Bankruptcy The truth about Chapter 7 & Chapter 13.
DEBTS AND BANKRUPTCY Chapter 19. Debtor– a person or a business that owes money, goods, or services to another. Whatever is owed is generally called debt.
Chapter 13.  Credit: Extension of a loan from one party to another  Creditor (lender): The lender in a credit transaction  Debtor (borrower): The borrower.
© 2011 South-Western | Cengage Learning GOALS LESSON 6.1 COMMERCIAL PAPER List the various types of commercial paper, and describe the use and proper negotiation.
Financing Principles Chapter 14 Zaharopoulos. 3 Financing Instruments 1. Mortgage 2. Deed of Trust 3. Carryback, Installment, Land Contract, Contract.
©2001 West Legal Studies in Business. All Rights Reserved. 1 Chapter 16: Creditor-Debtor Relations and Bankruptcy.
Chapter 26 Credit, Mortgages, and Debtor’s Rights
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Copyright © 2010 Pearson Education, Inc. Publishing as Prentice Hall Chapter 13 Credit, Secured Transactions, and Bankruptcy.
©2005 by West Legal Studies in Business A Division of Thomson Learning Fundamentals of Business Law 6 th Edition Chapter 21 Creditors’ Rights and Bankruptcy.
© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Business Law and the Regulation of Business Chapter 39: Bankruptcy By Richard A. Mann & Barry S. Roberts.
Business Law Unit 5. What is prejudgment attachment? Attachment is a court-ordered seizure and taking into custody of property prior to the securing of.
Chapter 24 Negotiable Instruments, Credit, and Bankruptcy
Personal Property Security Act. Types of Property Personal Property –Tangible items of moveable property (chattels) –Intangible items Intellectual property.
Chapter Nine. Exemptions After reading this chapter, you will be able to: Define of exemptions Understand the concept of exemptions and their importance.
© 2007 Prentice Hall, Business Law, sixth edition, Henry R. Cheeseman Chapter 26 Credit and Security Interests in Real Property.
THE LEGAL ENVIRONMENT OF BUSINESS © 2009 Pearson Education, Inc. publishing as Prentice Hall Ch The Legal Environment of Business A Critical Thinking.
© 2010 by Cengage Learning Deed of Trust Chapter 10 ________________ Deed of Trust.
Judgments. Act quickly? Most states, the order of judgment remains in effect for 10 years If not renewed, it expires and becomes a “nullity.”
Copyright © 2004 by Prentice-Hall. All rights reserved. PowerPoint Slides to Accompany BUSINESS LAW E-Commerce and Digital Law International Law and Ethics.
Chapter 31 Other Creditors’ Remedies and Suretyship McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
Law for Business and Personal Use © South-Western, a part of Cengage LearningSlide 1 Chapter 33 Creditors, Debtors, and Bankruptcy Chapter 33 Creditors,
© 2004 West Legal Studies in Business A Division of Thomson Learning 1 Chapter 15 Creditor-Debtor Relations and Bankruptcy.
Copyright © 2006 by Pearson Prentice-Hall. All rights reserved Slides developed by Les Wiletzky PowerPoint Slides to Accompany ESSENTIALS OF BUSINESS AND.
Unit 2 Seminar Bankruptcy Law. Credit Cards Bank Loans Home Mortgages Car Loans Student Loans Character: employers, country clubs and some colleges and.
Chapter 33 Creditors, Debtors and Bankruptcy Unit 3: Operational Law For Business Legal Environments of Business.
Chapter 21 Creditors’ Rights and Bankruptcy Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior.
Chapter 14 Secured Transactions, Creditors’ Rights, and Bankruptcy.
Protecting the Creditor
Chapter 33 Creditors, Debtors, and Bankruptcy
McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved.
CHAPTER 24 Laws of Debtor--Creditor Relations and Consumer Protection
Chapter 23 Creditor’s Rights and Bankruptcy
Other Creditors’ Remedies and Suretyship
Chapter 14 Rights of Consumers, Debtors, and Creditors
Essentials of the legal environment today, 5e
End of the Year Agenda 32.1 Secured Debt, Unsecured Debt 32.1 Review
32.1 Quiz Review.
CREDITOR’S AND DEBTOR’S RIGHTS
Presentation transcript:

Chapter 26 Creditors’ Remedies & Suretyship

Learning Objectives What is prejudgment attachment? Writ of execution? How does a creditor use these remedies? What is garnishment?

Laws Assisting Creditors Liens Mechanic’s Lien (real property) Artisan’ Lien (personal property) Innkeeper’s Lien (baggage of guests) Judicial Lien Attachment: court-ordered seizure of property Writ of Execution: court-ordered sale Garnishment Creditor permitted to collect a debt by seizing property held by third party (usually wages held by debtor’s employer)

Laws Assisting Creditors Mortgage Foreclosure Creditor (mortgagee) has the right to foreclose on property upon debtor’s (mortgagor) default. Suretyship and Guaranty Third person promises to pay debt owed by another Surety (3rd person is primarily liable) Guaranty (3rd person is secondarily liable)

Laws Assisting Debtors Homestead Exemption Family home free from claims of unsecured creditors or trustees in bankruptcy. Other Exemptions: Household furniture Clothing and personal possessions Vehicle Tools of the trade

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2024 SlidePlayer.com Inc. All rights reserved.