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Legal Disclaimer: This video is for educational purposes only and does not constitute legal advice. Viewing this content does not create an attorney-client relationship. For advice tailored to your situation, consult a licensed attorney. Description: What happens when a debtor defaults—and there's no collateral? In this first episode of our Secured Transactions series, we explore why a written promise to repay is never enough. Whether you're a law student, legal professional, or just want to understand how creditors protect themselves, this episode unpacks the difference between unsecured promises and legally enforceable security interests. In This Video, You’ll Learn: ✅ Why oral and even written promises may fail to protect creditors ✅ The difference between unsecured and secured credit agreements ✅ How personal property can be used as collateral in secured transactions ✅ What a suretyship is and when it applies ✅ When and how liens arise “by operation of law” ✅ Why creditors sue—and why that’s often not enough ✅ A preview of the five core elements of secured transactions (coming in the series) 🔔 Subscribe and turn on notifications so you don’t miss the next videos in the series on perfection, priority, and creditor remedies.