Creditors' rights

Legal protections and remedies available to creditors to collect debts owed to them by debtors. These rights can include filing lawsuits, garnishing wages, levying bank accounts, placing liens on property, repossession, and foreclosure, depending on the jurisdiction. Creditors' rights are designed to ensure that creditors can recover debts while balancing protections for debtors against abusive or unfair collection practices.