What is ADEQUATE PROTECTION?

When a debtor in bankruptcy provides some type of collateral to protect a claim holder from depreciation, pending the formulation of a repayment plan. Pending that plan, the debtor has continued possession or use of the collateral.

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Related Legal Terms
ASSET PROTECTION, CATHODIC PROTECTION, ADEQUATE, ADEQUATE CAUSE, OVERDRAFT PROTECTION, ADEQUATE SAMPLE, ADEQUATE COMPETITION, ADEQUATE REMEDY, ADEQUATE CONSIDERATION, ADEQUATE REMEDY AT LAW


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