About This Chapter
How it works:
- Begin your assignment or other introductory business law work.
- Identify the creditors' rights concepts that you're stuck on.
- Find fun videos on the topics you need to understand.
- Press play, watch and learn!
- Complete the quizzes to test your understanding.
- As needed, submit a question to one of our instructors for personalized support.
Who's it for?
This chapter of our introductory business law tutoring solution will benefit any student who is trying to learn creditors' rights and earn better grades. This resource can help students including those who:
- Struggle with understanding debt collection, repossession rights, bankruptcy or any other creditors' rights topic
- Have limited time for studying
- Want a cost effective way to supplement their business learning
- Prefer learning business visually
- Find themselves failing or close to failing their creditors' rights unit
- Cope with ADD or ADHD
- Want to get ahead in introductory business law
- Don't have access to their business teacher outside of class
Why it works:
- Engaging Tutors: We make learning creditors' rights simple and fun.
- Cost Efficient: For less than 20% of the cost of a private tutor, you'll have unlimited access 24/7.
- Consistent High Quality: Unlike a live business law tutor, these video lessons are thoroughly reviewed.
- Convenient: Imagine a tutor as portable as your laptop, tablet or smartphone. Learn creditors' rights on the go!
- Learn at Your Pace: You can pause and rewatch lessons as often as you'd like, until you master the material.
- Get definitions for key terms, including creditor, collateral, security interest, unsecured debt and debtor.
- Learn when a creditor has the right to take possession of collateral if a loan default occurs.
- Study secured transactions and find out how an attachment occurs.
- Learn about proceedings under the U.S. Bankruptcy Code.
- List the three primary forms of bankruptcy proceedings.
1. Creditors' Rights and Business Law
Business law is a broad area of law that covers many different topics. One important topic concerns creditors' rights. This lesson generally explains the role of creditors and creditors' rights in terms of business law.
2. Debt Collection and Repossession Rights
When a debtor fails to make payments on a secured loan, the creditor can usually reclaim the collateral. This lesson explains when a creditor has a right to repossession or foreclosure.
3. Secured Transactions: Examples & Explanations
A secured transaction is any deal in which a creditor receives a security interest in the debtor's property. This lesson explains what a secured transaction is and how these transactions work.
4. Creditor Rights in Bankruptcy
Bankruptcy is governed by federal law and allows a debtor the legal right to reorganize, and sometimes discharge, his or her debts. This lesson explains the three main types of bankruptcy proceedings.
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