Secured Creditor


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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 ?
Prior to enforcing on its security, the BIA requires that a secured creditor provide at least ten days notice to the debtor of its intention to enforce.
A secured creditor must first determine the category of collateral to which a certificate of deposit belongs in order to determine the proper means of perfecting a security interest in the CD, which may not be so clear.
This would result in denial of reclamation relief where the amount of the secured claim exceeds the value of the reclamation goods and the proceeds from the sale of these goods are paid to he secured creditor.
During this educational breakout session, he taught attendees how an unsecured creditor becomes a secured creditor and how the new revisions in Article 9 of the Uniform Commercial Code would impact secured creditors.
Accordingly the Board of Directors has resolved to consent to enforcement of security granted by the Corporation to its secured creditor.
Licensed trustees and receivers may be court appointed or privately by the secured creditor.
If a secured creditor waives his security interest, he shall be entitled to participate in the liquidation proceedings as an unsecured creditor.
Benign prostatic hyperplasia company Urologix (OTC Pink:ULGX) announced on Tuesday the sale of substantially all of the operating assets, including the Urologix name, to a secured creditor and subsequently purchased by a private company to partially address the secured debt owed to the secured creditor at the close of business as of 29 January 2015.
He said : 'CDA has priority lien on Freedom Air s assets, so we re a secured creditor.
On behalf of the petitioners (RadLAX), David Neff argued that, in a case like RadLAX, the concern lies in the ability of getting other non-secured bidders to even "show up" for an auction if they have knowledge that a secured creditor can best the bid without offering up any new cash, instead of just what is already owed to them.
It is rare for any secured creditor not to insist on a condition in the CVA proposal that it is at liberty to enforce its security whenever it chooses, despite the success of the arrangement.