If property that is not exempt is going to be sold in a Chapter 7 bankruptcy then the money goes to holders of security interests before anyone else. (consumerhelpcentral.com)
Trust Preferred Securities are a hybrid security that trade like a preferred share with a par value of $ 25 and pay a distribution in the form of a dividend or interest to the individual holder of the security. (triageinvestingblog.com)
Holders of these securities would not count toward the threshold that requires a company to register its securities under Exchange Act Section 12 (g) if: (seedinvest.com)