Unsecured creditors may seize any asset of the borrower once they have a debt collection judgment.

Name: Unsecured creditors may seize any asset of the borrower once they have a debt collection judgment.
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Unsecured creditors, unlike secured creditors, do not have a claim on specific assets of the borrower. They can only seize assets after obtaining a court judgment, and even then, certain assets may be exempt from seizure under state or federal law.

Unsecured Creditors May Seize Any Asset of the Borrower Once