Secured creditor

Insolvency

Insolvency processes
Administration Bankruptcy Chapter 7 (US) CVA Conservatorship Examinership IVA Liquidation Provisional liquidation Receivership
Officials
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Claimants
Creditor Preferential creditor Secured creditor Unsecured creditor
Restructuring
Chapter 11 (US) Cram down Restructuring Scheme of arrangement
Avoidance regimes
Fraudulent conveyance Undervalue transaction Unfair preference Voidable floating charge
Offences
Fraudulent trading Misfeasance Trading while insolvent Wrongful trading
Security
Floating charge Lien Mortgage Second lien loan Security interest
International
Chapter 15 (US) Cross-border insolvency EC Insolvency Regulation UNCITRAL Model Law
By country
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Other
Anti-deprivation rule Bankruptcy alternatives Creditor's rights Debtor Default Financial distress History of bankruptcy law Pari passu Pre-packaged insolvency Sovereign default Subordination

A secured creditor is a creditor with the benefit of a security interest over some or all of the assets of the debtor.

In the event of the bankruptcy of the debtor, the secured creditor can enforce security against the assets of the debtor and avoid competing for a distribution on liquidation with the unsecured creditors.

In most legal systems, secured creditors also have the option of releasing their security and proving in the liquidation, although, in practice, they would rarely do so.

References

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Secured creditor

See also

References