Liquidation of a collateralized asset
In a restructuring/liquidation scenario and a secured lender comes to get their collateral, and save the value of the collateral upon being sold is greater than the par value of the secured debt, will the full value of the asset still be paid out to the secured lender, or will the lender only be paid up to par, with the remainder going to sub non-secured lenders?
They only get back the value of their loan
Lender, in that situation, would be entitled to the outstanding principal balance of their loan & any accrued unpaid interest and fees.
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