Conduct online research regarding the concept of strategic default, then respond to the following questions:

• Should the collateral be the only exposed asset if there is a secured transaction? Should the creditor be able to go after the debtor beyond the collateral?
• Should it be different if the default is on a home mortgage versus a car loan?
• As a business consultant, one of your clients is considering a strategic default on her home mortgage. What advice would you give her?