This website covers two topics:
Enforcement of secured claims
If a debtor doesn’t pay on time or refuses to pay at all, the creditor can initiate recovery and collection action against the debtor that result in the seizure and liquidation of the debtor’s asset that was provided as collateral against the debt.
Enforcement proceedings leading to seizure of assets
If a debtor doesn’t pay on time or refuses to pay at all, the creditor can initiate recovery and collection action against the debtor that result in the seizure and liquidation of assets of the debtor.
