Collateral Creditor's Rights Loans Secured debt 
Sawin & Shea
NOVEMBER 15, 2023
In broad terms, if a debt is secured, it means it is backed up by collateral property. If a debt is unsecured, no collateral is put up as a guarantee to pay. Unsecured Debt What is unsecured debt? The two most common examples of secured debt are mortgages and auto loans.
The Creditors Rights
MAY 24, 2016
The value of the bank’s collateral exceeded the amount the bank was owed. The debtor’s argument was that the default was “cured” because it was paid with a new loan; therefore, under the Ninth Circuit’s decision in Great Western Bank & Trust v. The facts in Beltway One were straightforward. Entz-White Lumber and Supply, Inc. (In
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