What is a Secured Creditor? – NJ Bankruptcy Glossary

Definition of the NJ Bankruptcy Term – Secured Creditor

Secured Creditor:

a creditor who has the right to hold or sell certain property of the debtor in satisfaction of some or all of its claim

Back to the NJ Bankruptcy Glossary

 

Need help understanding what Secured Creditor means in bankruptcy?

Contact us at 732-965-3390 for a free bankruptcy consultation, or more help understanding what Secured Creditor means in bankruptcy law.

Note: the above definition of Secured Creditor was written in a simplified form for non-lawyers and may require a legal interpretation of how Secured Creditor may impact your bankruptcy filing.