Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
1) Stock Pledge Agreement - the debtor puts his shares of stock up as collateral for a loan. In other words, the result of this agreement is the loan is secured by the debtor's stock.
2) Intercreditor Agreement - the debtor's creditors agree among themselves as to what place in line each creditor will have in the event of a default. In other words, a determination is made as to who will have the first lien, the second lien, etc.