A Deficiency Judgment Means the Judgment Is Deficient Because the Creditor

A deficiency judgment means the judgment is deficient because the creditor will not be able to collect on the judgment due to the debtor's lack of assets.

A) True. In this case because the debtor has no assets, bankruptcy isn't required.
B) False. A deficiency judgment means a secured creditor has repossessed property and after disposing of the asset by sale, there still remains an outstanding balance.
C) False. A deficiency judgment means that the creditor did not follow the proper procedure in pursuing a collection matter against a debtor.
D) True. A deficiency judgment allows the creditor to proceed with the lawsuit even if the debtor failed to reply to the petition/complaint.