Question: A debt will be considered secured by property if __________. Box 2 of Form 1099-C contains an amount. Box 5 of Form 1099-C is checked.

A debt will be considered "secured" by property if __________. Box 2 of Form 1099-C contains an amount. Box 5 of Form 1099-C is checked. The debtor is personally required to pay off the debt. The lender can repossess collateral for payment of the debt

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