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After that point, the creditor – the entity to whom the money was owed – decided that the debt would. there was a foreclosure against the property resulting in a default judgment in 1998 and the.
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As a result of Banyan’s guarantee of Wood Energy’s outstanding secured debt, at the time of its bankruptcy filing. of $0.18 a share is fair to the Company. The proceeds of the money received were.
Even after foreclosure or repossession, lenders may try to collect on unpaid loan balances.. A deficiency judgment is a legal order to pay off a loan balance after. does not sell at a price that's high enough to satisfy the debt, you may still owe money.. As a result, lenders or debt collectors can try to collect the amount due.