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.

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This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified creditors rights lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local creditors rights attorney to discuss your specific legal situation.

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