WHAT RIGHTS AND REMEDIES DOES A CREDITOR HAVE
IN THE BANKRUPTCY CASE?
A secured creditor may proceed with
efforts to collect the collateral pledged
as security for the debt.
A
non-secured creditor may submit a proof
of debt to the Trust. He or she will be
subject to the ordinary rules as to the
priority of payment of creditors claims.
They may receive full satisfaction, a dividend
(i.e. a percentage of the debt) or nothing.
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