unsecured debt

February 7th, 2006 by Questions

what is unsecured debt?

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One Response to “unsecured debt”



, Barton Goth, GCO Inc. Bankruptcy Trustees said:

Unsecured creditors are simply creditors who do not have any security for the debt owing to them. A good example of secured debt would be a car loan as typically the car has been pledged as security.

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