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 What is an “unsecured creditor”?
Unsecured Creditors are those creditors that have no security interest in the individual’s property to ensure payment of the debt.  The most common type of unsecured creditors are credit card companies.  Medical bills are also typically unsecured debt.
  

 
Disclaimer
The information provided in this website is meant only as a general description of the current laws as of the date of the writing. It is not meant to be an exhaustive discussion of all the nuances of bankruptcy law and is intended to be only an overview. Many issues may appear simpler than they are, and an individual should always contact an attorney to obtain a complete, accurate interpretation of the law given the individual's particular circumstances. Bankruptcy Law Center, LLC makes no representations as to how the law would affect a particular situation and intends only to illustrate areas of concern and give information.

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