Do secured lenders have the ability to pursue individual LLC members in a Chapter 11? 1 Answers as of February 09, 2012

An LLC filed for Chapter 11 bankruptcy. The business confirmed a plan of liquidation and had a number of secured lenders. The 2 members of the LLC personally guaranteed the loans. The deficiency claims for the secured lenders are in a class with the other GUC's. A liquidating trust is formed for this class. By definition, the creditors of the GUC class are treated as being paid in full for their claim for the amount distributed/contributed to the LT. Do secured lenders still have ability to pursue individual LLC members, even though their deficiency claim was treated as being paid in full on their creation of the liquidating trust?