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Ch 17: Creditors' Rights

About This Chapter

Watch video lessons and learn about creditors' rights and secured transactions. Both the videos and the quizzes cover the key points associated with this topic, including those related to bankruptcy, mortgages and repossession.

Creditors' Rights - Chapter Summary and Learning Objectives

As you make your way through this chapter, you'll get an overview of key business law concepts associated with the rights of creditors. In these lessons, led by knowledgeable and seasoned instructors, you'll find out what rights a creditor has in relation to debt collection, repossession and bankruptcy. You'll learn what a security interest is and get details on debt and the debt collection process. When you finish this chapter, you should be able to:

  • Explain what a creditor is and what rights the creditor possesses
  • Describe the relationship between debt collection and repossession rights
  • Understand the major forms of bankruptcy

Video Objectives
Creditors' Rights and Business Law Defines key terms associated with this field, including collateral, debtor, security interest and unsecured credit.
Debt Collection and Repossession Rights Examines the conditions needed for a creditor to take possession of collateral after a default on a loan occurs. Describes what types of loans are included in this process, including mortgages.
Creditor Rights in Bankruptcy Provides an overview of the United States Bankruptcy Code. Explains Chapter 7, Chapter 11 and Chapter 13 bankruptcies.

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