If you are a creditor, your best protection in the event of the - 3088

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UoPExpert

UoPExpert

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  • Posted on: Thu 22 Mar, 2012
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Request Description

If you are a creditor, your best protection in the event of the debtor’s bankruptcy (including protection from the debtor’s other creditors) is usually obtained if you had previously received:

A.   A security interest granted by the debtor. B.   A written promise from the debtor to pay the debt as agreed.

C.   Audited financial statements of the debtor.

D.   The debtor’s agreement to pay you first.

 
Solution Description

If you are a creditor, your best protection in the event of the debtor’s bankruptcy (including protection from the debtor’s ot