Creditor rights are the rights that a creditor has, generally based on a contract or other written agreement, to attempt to collect a debt from another person. Since most creditor contracts are drafted heavily in favor of the creditor, some courts will strike some of the creditor rights provisions in contracts when cases go to court. However, in most cases creditors are allowed, within the bounds of the law, to attempt to collect and negotiate a debt directly. Sometimes creditor rights are cancelled when a person declares bankruptcy. However, depending on the type of bankruptcy protection a person seeks to gain, some creditor rights may be preserved and the debtor may still have to pay some of the money owed.

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