Are “cross-collateral clauses” enforceable?
It’s one of the most frequently asked questions at collections and bankruptcy seminars, and it’s the subject of wildly conflicting opinions among lawyers and even courts. Many courts “disfavor” them, but consumer financial institutions still use cross-collateral clauses to successfully collect hundreds of thousands of dollars each year!
More Stories
Stop Wrongful Repossessions Before They Start
Why the Hallway Conversations May Be the Most Valuable Part of UCC 2026
The Clock Is Ticking on CCUCC’s Early Registration Cash Giveaway
How a $9.5B Credit Union Doubled Auto Recoveries in 90 Days
United Creditors Connect 2026 Brings All-Star Speaker Lineup to Las Vegas
Don Arkell Headlines Saturday General Session as CCUCC 2026 Nears Capacity Pace