A creditor holding a secured claim (www.practicallaw.com/2-382-3800), or a perfected lien (www.practicallaw.com/7-382-3685), on a debtor's property. In bankruptcy, a secured creditor has the right to be paid before any other creditors out of the proceeds of its collateral (www.practicallaw.com/3-382-3343). Secured creditors have other rights in bankruptcy, including the right to receive postpetition (www.practicallaw.com/6-383-1068) interest, fees, costs and charges and to receive adequate protection (www.practicallaw.com/8-382-3213) for any decrease in the value of their interest in the collateral resulting from any use, sale, lease, or grant of a lien (www.practicallaw.com/8-382-3581). They also have the ability to credit bid (www.practicallaw.com/2-500-6604) their claims in a section 363 sale (www.practicallaw.com/0-386-0841) of their collateral.