What is collateralized debt?

Answer Collateralized debt is a fairly simple concept, which can be broken into its constituent parts. It is a form of debt that is backed by collateral, and it is a part of financial instruments called c... Read More »

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What is a collateralized loan obligation?

A loan backed by collateral or security is less risky than an unsecured loan. In the banking industry, a collateralized loan obligation is a loan that is backed by assets in a financial institutio... Read More »

What is a Collateralized Mortgage Obligation?

Collateralized mortgage obligations (CMO) are securitized investment products based on the mortgage market. This type of investment offers distinct opportunities while presenting serious risks and ... Read More »

Can personal property or a paid off condominium be taken by a debt collector to pay off credit card debt in Pa?

Creditors may certainly look to seize/attach your assets of most types to pay the debts you promised or obligated to pay and don't. They also get to recover any costs for having to act to have you ... Read More »

How long after a credit card debt judgment can a debt be collected in Michigan?

The statute of limitations on collecting a judgment in Michigan is 10 years. Keep in mind that if the debtor is paying off the judgment in installments, the statute of limitations is put on hold du... Read More »