adequate protection

Phrase used in several sections of the Bankruptcy Code to describe protection afforded to holders of secured claims. It is meant to preserve secured creditor's position at the time of bankruptcy. In re Jamaica House, Inc., Bkrtcy.Vt., 31 B.R. 192, 195.
More specifically, the lack of adequate protection of the creditor's interest in its collateral is a basis for relief from stay under Code No. 362(dXl); adequate protection is also the standard for creditor protection from sale or use or encumbrance of the collateral under Code sections 363 and 364. While adequate protection is not statutorily defined, section 361 sets out examples of adequate protection.
See In re Cooley, Bkrtcy.Pa., 37 B.R. 590, 592

Black's law dictionary. . 1990.

Look at other dictionaries:

  • adequate protection — n: such action as is judicially determined to protect a secured creditor s interest in property that is part of a bankrupt estate ◇ The U.S. Bankruptcy Code offers a list of examples of actions that are predetermined to provide adequate… …   Law dictionary

  • adequate protection — the right of a party with an interest in the debtor s property (such as a secured creditor) to assurance that its interest will not be diminished during the bankruptcy proceedings. (Glossary of Common Bankruptcy Terms) Relief fashioned to protect …   Glossary of Bankruptcy

  • adequate — ad|e|quate W3S3 [ˈædıkwıt] adj [Date: 1500 1600; : Latin; Origin: , past participle of adaequare to make equal , from ad to + aequare to equal ] 1.) enough in quantity or of a good enough quality for a particular purpose = ↑sufficient ≠… …   Dictionary of contemporary English

  • adequate — Sufficient; commensurate; equally efficient; equal to what is required; suitable to the case or occasion; satisfactory. Equal to some given occasion or work. Nissen v. Miller, 44 N.M. 487, 105 P.2d 324, 326 See also adequate care adequate cause… …   Black's law dictionary

  • adequate — adj. VERBS ▪ be, prove, seem ▪ remain ▪ consider sth, think sth ▪ These measures are not considered adequate by conservationists …   Collocations dictionary

  • protection — noun ADJECTIVE ▪ adequate, effective, good, great ▪ added, additional, extra ▪ special ▪ …   Collocations dictionary

  • protection */*/*/ — UK [prəˈtekʃ(ə)n] / US [prəˈtekʃən] noun Word forms protection : singular protection plural protections 1) [uncountable] the process of keeping someone or something safe, or the condition of being kept safe protection of: the protection of… …   English dictionary

  • Protection Profile — A Protection Profile (PP) is a document used as part of the certification process according to the Common Criteria (CC). As the generic form of a Security Target (ST), it is typically created by a user or user community and provides is an… …   Wikipedia

  • Data Protection Act — The Data Protection Act (DPA) is a United Kingdom Act of Parliament. It defines a legal basis for the handling in the UK of information relating to living people. It is the main piece of legislation that governs protection of personal data in the …   Wikipedia

  • Data Protection Act 1998 — The Data Protection Act 1998 is a United Kingdom Act of Parliament which defines UK law on the processing of data on identifiable living people. It is the main piece of legislation that governs the protection of personal data in the UK. Although… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.