Hours
Mon - Fri : 9:00-5:00
Free Consultation

Tag

Nonrecourse debt
Non-Recourse Liability and Debt
Advantages of Taking on Debt with Non-Recourse Liability Non-recourse debt means that if the debtor defaults, the creditor cannot pursue the debtor personally. Instead, the creditor must seek recovery from the collateral securing the loan. The creditor can file a suit against the borrower if the collateral does not cover the debt. However, if the...
Read More

Recent Comments