secured creditor

Examples (20)

• In bankruptcy proceedings, a secured creditor has priority for repayment.
• In bankruptcy, a secured creditor has priority over unsecured creditors.
• The bank is a secured creditor because the loan is backed by the company's assets.
• The bank acted as a secured creditor with the company's real estate as collateral.
• Unlike an unsecured creditor, a secured creditor can repossess the collateral if the borrower defaults.
• As a secured creditor, they can seize assets if the loan is not repaid.
• The court approved the plan to pay the secured creditors first from the sale of the property.
• Every secured creditor must register their claim to ensure enforceability.
• As a secured creditor, the lender felt confident in recovering their funds.
• Being a secured creditor significantly reduces the risk of non-payment.
• The agreement clearly outlines the rights of the secured creditor in case of non-payment.
• The court recognized the financial institution as a secured creditor in the liquidation process.
• The company's main secured creditor was a large financial institution that held the mortgage on their headquarters.
• A secured creditor's position is generally stronger than that of an unsecured one.
• It is much less risky to be a secured creditor than an unsecured one.
• They became a secured creditor by taking a lien on the borrower's equipment.
• After the business failed, the secured creditor's claim was satisfied by seizing the pledged equipment.
• Negotiations often involve prioritizing payments to secured creditors first.
• The lawyer explained the legal difference between being a secured creditor and an unsecured one.
• The company sought to reassure its secured creditors about its financial stability.