Secured Creditor


Also found in: Dictionary, Financial, Wikipedia.
Related to Secured Creditor: Unsecured creditor

Secured Creditor

One who holds some special monetary assurance of payment of a debt owed to him or her, such as a mortgage, collateral, or lien.

References in periodicals archive ?
These statistics show that the administration process is much preferred mainly because secured creditors determine the process in contrast only a small percentage of CVAs work through successfully.
In the Edgewater Medical Center bankruptcy case in the Northern District of Illinois, she represented the secured creditor bank for its $50+ million claim, and the debtor, as special counsel, in litigation against the debtor's insiders.
In the event that the Chapter 11 should not succeed, and in the further event that the assets are insufficient to satisfy the secured creditor, the liability for unpaid taxes will fall upon the "responsible parties.
As stated in Briarpark, the tax treatment of the sale of secured property, assignment of the sales proceeds to the secured creditor and the discharge of the debt secured by the property, is dependent on the facts and circumstances.
The secured creditor also can foreclose on a property or purchase a property at a foreclosure sale without CERCLA liability, so long as it holds the property temporarily.
So, if you are in default under your secured loan but your reorganization plan pays to the secured creditor the present value of his claim in a reasonable time period, the Bankruptcy Code allows you to cure the default and continue to use your pledged assets.
TO), one of Truland Group, Inc's largest secured creditors, is looking to recoup as much of the losses as possible from its deal with Truland, a failed contractor.
facility:' This definition is commonly referred to as the secured creditor exemption.
Closes North Ferrier Asset Sale and Payout of Caribou's Major Secured Creditor
Proceeds of the sale are being applied to a partial payment of a loan due to the Company s first secured creditor, with the balance allocated to working capital and general corporate purposes.
Design House purchased the assets from Beverly Hills' secured creditor, Capital Factors Inc.
Drebsky also represented Tudor II Associates, a series of limited real estate partnerships that purchased several large commercial properties from a Chapter 1 debtor, and has represented the debtors in a series of real estate bankruptcies involving forty-one hotel properties, the primary secured creditor in the Columbia Hospital for Women reorganization in Washington, and creditors in several reorganizations, including Enron, WorldCom, and ANC.