Sentence examples for secured claim from inspiring English sources

Payment of the "indubitable equivalent" of the secured claim.

by" in § 1322(b)(2)'s exception, rather than repeating the term of art "secured claim". The unqualified word "claim" is broadly defined under the Code to encompass any "right to payment, whether..

The problem is rooted in the language of Section 1129(b), which provides that if a secured creditor objects to the plan, the debtor must provide the creditor with one of three treatments: Payment of the present value of the secured claim.

First, there was no evidence that any monetary award would be uncollectible; moreover, any money judgment in favor of the Creditors Committee might be setoff against the Prepetition Lenders' secured claim, which is asserted to be in an amount in excess of $700 million.

"An allowed claim of a creditor secured by a lien on property in which the estate has an interest... is a secured claim to the extent of the value of such creditor's interest in the estate's interest in such property,..

The court declined to do so, permitting the firm to credit bid the full amount of its secured claim.

The plan would provide cash distributions to some creditors, including holders of secured claims.

But for more than 30 years, judges have been valuing all types of property in modifying secured claims.

Second, it delays the fixing of the value of secured claims until collateral is sold or a Chapter 11 plan is confirmed.

That section's "other than" exception cannot be read to protect only that subset of allowed "secured claims," determined by application of § 506(a), that are secured by a lien on the debtor's home.

Curing of the default and the assumption of the debt in accordance with its terms is an important reorganization technique for dealing with a particular class of claims, especially secured claims.