If the proceeds from the disposition of the debtor's collateral are insufficient to satisfy the debt to the secured party,the debtor is personally liable to the secured party for the deficiency.

Name: If the proceeds from the disposition of the debtor's collateral are insufficient to satisfy the debt to the secured party,the debtor is personally liable to the secured party for the deficiency.
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Question

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This is known as a deficiency balance and the debtor is responsible for paying it to the secured party.

If the Proceeds from the Disposition of the Debtor's Collateral