What Is An Unsecured Debt?

Any debt that is not secured by property is an unsecured debt. A personal loan, medical bills and credit card balances are typical unsecured debts. Creditors cannot take property if the debtor does not pay an unsecured debt, unless they sue and the court gives them permission.

The information on this page is meant to provide a general overview of the law. The laws in your state and/or city may deviate significantly from those described here. If you have specific questions related to your situation you should speak with a local attorney.

Additional Creditors Rights Articles

Search LawInfo's Creditors Rights Resources