Results for tag: "Secured Creditor"

The Secured Creditor market is a subset of the Bankruptcy market, which involves creditors who have a legal claim to a debtor's assets. Secured creditors are typically banks, lenders, or other financial institutions that have lent money to a debtor and have taken collateral as security for the loan. In the event of a bankruptcy, secured creditors are typically the first to be repaid, as they have a legal claim to the debtor's assets. Secured creditors are typically the most powerful creditors in a bankruptcy, as they have the right to repossess the collateral if the debtor fails to repay the loan. This gives them a greater degree of control over the bankruptcy process than other creditors. Some companies in the Secured Creditor market include Bank of America, Wells Fargo, JPMorgan Chase, Citibank, Goldman Sachs, Morgan Stanley, and U.S. Bank. Show Less Read more