adequate protection
- It's a measure determined by a court, designed to secure the interest of a creditor in a property that's included in the bankruptcy estate
- During the bankruptcy proceedings, the court ordered adequate protection to safeguard the creditor's stake in the debtor's property.
- The judge decided that adequate protection was necessary to ensure the secured creditor wasn't left unpaid from the bankrupt estate.
- The concept of adequate protection was introduced to reduce the potential loss to creditors when dealing with bankruptcy assets.
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