Not sure if I completely understand the senereo, and I know laws vary from state to state. In Texas, you can put a lien on somebody's estate at the time of death, if you can prove a debt. Or you can file a complaint with the District Justice, or Justice of the Peace.

If somebody's property is being repossessed, wouldn't it be safe to say that there debt has exceeded there assets? Meaning its doubtful there would be anything leftover after liquidation?

How official is the contract, is it notarized?