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*Unsecured debt includes credit cards, lines of credit, bank overdrafts, payday loans, and unsecured personal loans (excluding student loans). It does not include mortgages and car loans.

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How can we help you?

If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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unsecured debt

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.