Sentence examples for a secured creditor from inspiring English sources

Instead, it would remain a secured creditor of the reorganized company.

The bankruptcy code was really not intended for a world where everyone is a secured creditor.

Arcadia is a secured creditor of BHS and could get about £35m back from the sale of any assets by the administrator.

14 November 2014: Insolvency firm Gallaghers meets Sports Direct in its role as a secured creditor of its wholly owned subsidiary USC to discuss a debt due.

To the extent that a secured creditor holds a claim that exceeds the value of the collateral a so-called undersecured creditor the creditor must comply with the rules governing unsecured debts.

The case involves the right of a secured creditor — in this case Amalgamated Bank — to ":credit bid" its claim in the auction sale of a debtor's property when the sale is part of the debtor's Chapter 11 bankruptcy plan.

This comes in a world where the secured creditor is already king.

But the latest letter from the former chairman cites a clause in the circular to Rangers shareholders issued in June 2011 by Mr Whyte which could lead to a challenge to his position as secured creditor, with first call on club assets.

Duff and Phelps seemed to argue on Thursday that because it wasn't his money being used to buy £18m of Lloyds Banking Group debt last May, then they don't think he's got a right to that bank's secured creditor status.

"Wavetower will also acquire the indebtedness of Lloyds Banking Group, the secured creditor, and is under an obligation to waive this debt in the foreseeable future, thereby strengthening the club's balance sheet," it adds.

"Achieving this sale has been a balancing act between four parties - the stadium administrator, the secured creditor Agilo, other creditors and the Football League who need to be satisfied that the deal meets their requirements".