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Consummation Order and Final Decree Penn Central Bankruptcy Form

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Consummation Order and Final Decree Penn Central Bankruptcy Form

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welcome to county office your ultimate guide to local government services and public records let's get started what is a creditor in a bankruptcy case imagine you're in a situation where someone owes you money but they're having trouble paying it back in the context of bankruptcy the person or entity you are is called a creditor a creditor is essentially anyone who lends money to another party usually through a loan agreement or contract when we talk about bankruptcy creditors can be either secured or unsecured secured creditors have collateral which means they have the right to take and sell specific property if the loan isn't paid back for example if you borrowed money from a bank to buy a house the bank is a secured creditor because they can repossess the house if you default on the loan one three on the other hand unsecured creditors don't have any collateral they lend money without any security so if the debtor can't pay they can&

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