Secured obligations under a Chapter 7 or Chapter 11 liquidation. The secured creditor will receive the collateral back if the value of the collateral is more than the value of the claim. In such a case, the Chapter 7 trustee or the Chapter 11 debtor in possession has the right to sell the collateral, pay back the full amount of the claim, and disperse any remaining funds pro rata to all of the creditors. In a Chapter 11 reorganization, if the value of the collateral is less than the value of the claim, the creditor can receive the collateral back by obtaining relief from the automatic stay. Alternatively, the debtor has the right to decrease the value of the claim to the real value of the collateral. However, if the value of the collateral is more than the value of the claim, the debtor can retain the collateral as long as they confirm the obligation and continue making payments to the creditor as outlined in their contractual agreement. You.