unsecured debt

February 7th, 2006 by Questions

what is unsecured debt?


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.

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.)