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    IVA Glossary > Secured Creditor
    Secured Creditor

    A creditor with specific rights over some or all his debtor's assets in the event of insolvency. In essence he is paid first from the secured assets.

    (Please Note: The definitions are not intended to be exhaustive summaries of the Law. They are based on material from The Insolvency Act 1986 , and other Acts dealing with this subject.)

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