Secured Creditor

A creditor holding a secured claim (, or a perfected lien (, 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 ( Secured creditors have other rights in bankruptcy, including the right to receive postpetition ( interest, fees, costs and charges and to receive adequate protection ( for any decrease in the value of their interest in the collateral resulting from any use, sale, lease, or grant of a lien ( They also have the ability to credit bid ( their claims in a section 363 sale ( of their collateral.

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