RKMBs Forums .::Important::. Politics and Current Events Democrat Leaders Want Automaker Bailout

But if you really don't know a secured creditor owns a lien on the debt loaned, an unsecured creditor does not have a lien. While both creditors are promised repayment in a contract on secured creditors are issue a lien which historically and legally have been the preferred creditors in bankruptcy, until the great UAW payback of '09.