Replies to post #17525 on Sunedison Inc. (fka SUNEQ)

[tob999]

Nope this is a creditor in possesion lien in event of bk. A 'secured creditor'. Not quite the same thing!!

Security interest is a contingent property interest that ripens in the event of debtor’s default. This property interest gives the creditor priority over other creditors, if proper notice is given.