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1. Explain some of the reasons a creditor might prefer out-of-court collect tion methods rather than commencing a court action against a debtor. 2. What

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1. Explain some of the reasons a creditor might prefer out-of-court collect tion methods rather than commencing a court action against a debtor. 2. What is the difference between a secured creditor and a general credi- tor, and how do their rights differ

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