如果借款人违约,持有担保索赔权的债权人可以没收抵押品资产。
Creditors with secured claims can foreclose upon (seize title to) these assets if the borrower defaults.
如果借款人没有按条款偿还贷款,贷款人有权没收抵押品并出售以偿还贷款。
If the borrower fails to repay the loan according to the terms, the lender has the legal right to seize the collateral and sell it to repay the loan.
9月29日,上诉法院的一项判决支持优先债权人,为10月 4日的已没收抵押品销售铺平道路。
On September 29th an appeals-court judge sided with the senior creditors, paving the way for a foreclosure sale on October 4th.
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