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1. A partially secured creditor is entitled to receive a dividend on the unsecured part of his claim having valued his security.
2. Second, the secured creditor may have the right of pursuit.
3. This is a problem for secured creditors who may wish to vote.
4. Notwithstanding the liquidation of the company secured creditors are permitted to realise secured property.
5. The liquidator will also provide assistance to the secured creditors if necessary in their realisation of secured property.
6. It may be too late for Chrysler's secured creditors and if GM's lenders cannot reach a voluntary agreement, they may face a similar fate.
7. If they sell, they acknowledge a loss which may exceed the discount that secured creditors eventually have to accept.
8. It was agreed that the receivers' first duty was to the secured creditors.
9. The protection given by the Harter Act to shippers and consignees benefited banks and secured creditors.
10. GM has $36 billion in unsecured debt and another $6 billion owed to secured creditors.
10. Sentencedict.com try its best to gather and build good sentences.
11. That recovery would be more than the $2 billion paid to Chrysler's secured creditors.
12. The remaining 85% of senior unsecured debt would have been unaffected, as would the bank's secured creditors and its customers and counterparties.
13. In the unlikely event of FXCM UK's bankruptcy, clients of FXCM UK would be considered secured creditors and receive priority in bankruptcy proceedings.
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