A secured creditor is one who has a contract with you that says if you fail to pay, the creditor can take a specified item you own to satisfy the debt. Most common are purchase-money loans, such as mortgages or car loans, but it can be any item.

To receive the proceeds, before others, fom the sale of the secured property.

Hindering a secured creditor means hiding or concealing property that is theirs. It can also mean not releasing information about a debtor that you would know.

In law 48, what is a creditor? Is law 48 fair to creditors?

Repossess or foreclose on the secured property if the agreement is in default.