adequate protection

noun

: such action as is judicially determined to protect a secured creditor's interest in property that is part of a bankrupt estate

Note: The U.S. Bankruptcy Code offers a list of examples of actions that are predetermined to provide adequate protection. When a court finds that a secured creditor is not adequately protected, the creditor may obtain relief from the automatic stay from creditors' collection attempts that is effected by the debtor's filing for bankruptcy.

Dictionary Entries Near adequate protection

Cite this Entry

“Adequate protection.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/adequate%20protection. Accessed 12 Apr. 2024.

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