Creditor Rights

Creditor Rights encompass the body of laws and rules that protect the ability of creditors, generally defined as persons owed a debt, to collect on debts.  Creditor tools include obtaining a legal judgment against a debtor, placing liens on debtor’s property, foreclosure or repossession of a debtor’s property, garnishing a debtor’s money such as bank accounts or wages, or setting aside particular transactions by a debtor as a fraudulent conveyance. Creditors often have varying rights as against each other when trying to enforce a judgment against the same debtor: these are often referred to as creditor priorities.

Creditor Rights includes Collection but is broader in scope.

Back to Consumer & Commercial