Q: Les, it was great speaking to you on Friday! I am anxious to get > going, I > have one question though. I’ve come across the issue of who is the > “surety” > for the strawman. Is this the same thing as the secured party? If so, can > you > comment on the following?

“Think of the surety as someone willing to stand behind, that is to fulfill the obligations of another party, who is beholding to someone else. In other words – a
backer.”

The ‘Secured party’ is the one to whom another party
(the debtor) has an obligation to. He/it is also know as the ‘Creditor’.

A: Agreed