Assertion: bankruptcy's creditor | /r/HasProperty | creditor
Facets:
Source sentences:
text: Fully secured creditors—that is, creditors, such as collateralized bondholders and mortgage lenders, for whom the value of collateral equals or exceeds the amount of debt outstanding—have a legally enforceable right to the collateral securing their loans or to the equivalent value, a right that generally cannot be defeated by bankruptcy.
text: If the lease or contract would generate funds for your unsecured creditors (creditors whose debt isn’t secured by collateral), and the court agrees that it should be assumed, then the trustee will assume it; otherwise, after 60 days elapses, it will be deemed rejected.
text: Instead, you’ll pay an amount equal to the value of the nonexempt property to your unsecured creditors (creditors whose debt isn’t guaranteed by collateral).