A Deficiency Judgment Is

A deficiency judgment is:

A) a judgment obtained because the respondent/defendant failed to reply to the complaint.
B) a judgment that is deficient because the creditor failed to follow the proper rules of procedure.
C) a judgment that is deficient because the debtor has no assets of value, and therefore, the creditor will not be able to collect on the judgment.
D) the balance on a debt after a creditor has taken back property.

Correct Answer:

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