Legal Question in Real Estate Law in Virginia

secured debt

Would a judgment won in civil court be considered a ''secured debt''?


Asked on 7/05/06, 5:45 pm

1 Answer from Attorneys
Michael Hendrickson Law Office Michael E. Hendrickson

Re: secured debt

No, it would not. A secured debt is one which is backed by collateral that is readily callable by the creditor.

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Answered on 7/05/06, 8:14 pm


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