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.
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“Adequate protection.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/adequate%20protection. Accessed 22 Nov. 2024.
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