A secured creditor repossesses the collateral from the debtor and sells it to satisfy the debt.Which of the following is paid first?

A) Debt of the creditor
B) Consequential damages suffered by the creditor due to the debtor's default
C) Court costs
D) Expenses of repossessing,storing,and selling the collateral

Secured Creditor

A lender or creditor that has the right to claim specific assets or collateral if the borrower defaults on an agreement.

Repossesses

The action of taking back possession of property, typically by a seller or lender, from the buyer or borrower due to non-compliance with the terms of sale or loan.

Consequential Damages

Damages that do not directly arise from the breach of a contract but result from the breach's indirect effects.