When the sale proceeds of pledged security is not sufficient to pay off secured creditors fully, the balance due to them should be added to. *
Answers
Answered by
0
When sale proceeds of pledged security is not sufficient to pay-off secured creditors fully, the balance due to them is treated as ______.
*
Answered by
0
Answer:
If the mortgage creditor's fees are not paid in full at the price of the sale of the mortgaged asset, the mortgage creditor may, in some cases, file an application with the competent court or court of jurisdiction in the prescribed form and method. To restore balance.
Step-by-step explanation:
A secured creditor who attends a creditors' meeting and votes in connection with the repayment plan loses the right to enforce the collateral during the period of the repayment plan, subject to the terms of the repayment plan. Estimate the unsecured portion of the debt.
#SPJ3
Similar questions