Secured creditor lien assignment to owner
Can a business owner inject $ into a failing company, calling it loans without any documentation, payoff secured creditor and take a 1st lien assignment in a effort to pay back yourself before the other unsecured creditors.
Answered on: 10/16/07, 5:29 pm by David Anderson
Re: Secured creditor lien assignment to owner
How can he do a secured loan without documentation? Are you an unsecured creditor?
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