Actually secured creditors are automatically entitled to better treatment under bankruptcy law than unsecured creditors:
  • Most unsecured, non wage claims come low in the priority scheme, and may receive little or nothing....Secured creditors have a lien giving them specific rights to the property which is the collateral for their claim. Most often, those rights are created by, and described in, a deed of trust on real property, a security agreement on personal property, or a judgment lien.

    Secured creditors have the best chance of getting relief from the automatic stay or "adequate protection payments" to prevent a decline in the equity available to secured their claim


By the way interesting allegations here about how the Obama White House is, once again, trying to silence dissent on this issue, with the complicit (if not overt) assistance of the supposedly "independent" White House Press Corps.