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Note
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Reference no. 9A97J004
Published by: Ivey Publishing
Originally published in: 1997
Version: 2002-10-22
Length: 7 pages
Topics: Collateral

Abstract

This note discusses the ranking of creditors in a bankruptcy, why financial institutions secure collateral when extending a loan and how a lender accesses collateral.

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Abstract

This note discusses the ranking of creditors in a bankruptcy, why financial institutions secure collateral when extending a loan and how a lender accesses collateral.

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