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Secured Creditor IVA Glossary

What is 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.)

The above is provided as information only. Iva.co.uk does not provide debt advice. You must always seek professional advice before taking any action to resolve your debts.