1157.152 – PREFERRED DEBT AND LIEN. When a claim for a
Texas Estates Code § 1157.152
Summary
This law establishes that once a debt claim is approved, no additional claims can be made against other estate assets. The approved claim retains its status as a preferred lien on the property securing it, ensuring the property remains collateral until the debt is fully paid.
No further claims against other estate assets allowed.
Claim remains a preferred lien on the secured property.
Property serves as security until debt is fully paid.
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In simple terms: Learn about Texas's PREFERRED DEBT AND LIEN. When a claim for a law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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