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West Virginia Order Confirming Termination of The Automatic Stay As to Personal Property Collateral for Failure to Take Timely Action

State:
West Virginia
Control #:
WV-SKU-0015
Format:
PDF
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Description

Order Confirming Termination of The Automatic Stay As to Personal Property Collateral for Failure to Take Timely Action West Virginia Order Confirming Termination of The Automatic Stay As to Personal Property Collateral for Failure to Take Timely Action is an order issued by the court in the state of West Virginia when a debtor has failed to take timely action to protect their personal property collateral. This order grants the creditor the right to take action to collect the debt from the debtor, including seizing the collateral. The order also grants the creditor the right to file a motion for summary judgment against the debtor, allowing them to obtain a judgment against the debtor without a trial. There are two types of West Virginia Order Confirming Termination of The Automatic Stay As to Personal Property Collateral for Failure to Take Timely Action: one for secured creditors and one for unsecured creditors. For secured creditors, the order grants the creditor the right to take possession of the collateral and liquidate it to satisfy the debt. For unsecured creditors, the order allows the creditor to obtain a judgment against the debtor for the full amount of the debt.

West Virginia Order Confirming Termination of The Automatic Stay As to Personal Property Collateral for Failure to Take Timely Action is an order issued by the court in the state of West Virginia when a debtor has failed to take timely action to protect their personal property collateral. This order grants the creditor the right to take action to collect the debt from the debtor, including seizing the collateral. The order also grants the creditor the right to file a motion for summary judgment against the debtor, allowing them to obtain a judgment against the debtor without a trial. There are two types of West Virginia Order Confirming Termination of The Automatic Stay As to Personal Property Collateral for Failure to Take Timely Action: one for secured creditors and one for unsecured creditors. For secured creditors, the order grants the creditor the right to take possession of the collateral and liquidate it to satisfy the debt. For unsecured creditors, the order allows the creditor to obtain a judgment against the debtor for the full amount of the debt.

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