Let me begin with a statement that may ruffle some feathers:  Being the secured party creditor is not necessarily the highest position to be, in any given matter you may have, although it is at this time and place a stepping stone to bigger and better answers.  Many teachings these days are leaning more toward equity instead of statutory law and even common law.  In fact, common law is extremely harsh and unforgiving.  Where exclusive equity can do wondrous…