secured creditor


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Related to secured creditor: Unsecured creditor
Translations

secured creditor

[sɪˌkʊədˈkrɛdɪtəʳ] n (Fin) → creditore m privilegiato
References in periodicals archive ?
"Sadly, Mr Anderson used his position as a secured creditor to hamper and frustrate any deal that did not benefit him."
I and M Bank, which is a secured creditor had been authorized by the court to sell the companies L.R NO.209/8611/2 to recover its an outstanding loan of more than Sh 300 million but instead advertised another property owned by the firm.
is a creature of statute, meaning there are specified items within each states' law (a to-do list) that must be done in order to have any chance of becoming a secured creditor on a private or public, but not federal, construction project.
Because a mistaken release in Illinois allows third parties to take effective security interests if they act before the release is rescinded, a mistake not caught before the date of the bankruptcy filing brings 544(a)(1) into play and prevents the secured creditor from regaining its original position.
To confirm a chapter 11 plan over the objection of a secured creditor, the bankruptcy court must find that the plan treats the secured creditor fairly and equitably by, among other things, providing deferred cash payments with a pre' sent value of at least the amount of the secured portion of the claim.
The CEBA lien gave the FHLBanks' security interest--even without possession of the notes--priority over an unperfected security interest of other creditors only if no other secured creditor had possession of collateral.
Now a progress report has shown that HSBC - a secured creditor - was owed PS5.66m, but the administrators anticipate the bank "will suffer a shortfall in excess of PS1.1m".
Now a progress report has shown that HSBC -- a secured creditor -- was owed [pounds sterling]5.66m, but the administrators anticipate the bank "will suffer a shortfall in excess of [pounds sterling]1.1m".
It is worth noting that there is no requirement for a secured creditor to be a licenced UAE bank under the new Moveable Pledge Law, although this requirement may be included in the later published executive regulations.
Sometime in 2015, the Supreme Court ruled that a secured creditor must obtain the approval of the insolvency court before he can foreclose a mortgage.
It is being argued by the Association for the Protection of Bank Borrowers (the "Association") that the appointment of RM's is a tool being abused by financial institutions, that banks act without any constraint/accountability and that their decision to appoint a RM starts a company on a route to its dissolution whilst leaving other unsecured creditors at risk and exposed to the actions of RM's, who have a duty to protect only the interests of the secured creditor which appoints them.
The receiver tries to generate value from the assets to pay the secured creditor what it is owed.