Debtor is obligated to pay the secured party attorneys fees. In consideration of the indebtedness, debtor conveys and warrants to trustee certain property described in the land deed of trust.
Secured Debt Any For A 6th Grader In Hennepin
State:
Multi-State
County:
Hennepin
Control #:
US-00181
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Word;
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FAQ
Conclusion: Going to small claims court may be worth it for $500, but it will determine how you weigh your costs versus benefits. At a minimum, it is worth it to send a demand letter.
The maximum amount you may recover through conciliation court is $15,000. (The maximum for consumer credit transactions is $4,000.) You cannot file a claim in conciliation court that exceeds the monetary limit set by law. If you reduce your claim to the limit of conciliation court, you cannot claim more later.
If you have questions, please call the Conciliation Court at (612) 348-6000.
Examples of unsecured debt include credit cards, medical bills, utility bills, and other instances in which credit was given without any collateral requirement.