February 7th, 2006 by Questions
what is unsecured debt?
February 08, 2006 at 8:48 am, 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.
Log in to Reply
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)
You must be logged in to post a comment.