A lender who will receive payment for goods or services not based on a hold against personal property.
Related information about unsecured creditor:
- Unsecured creditor - Wikipedia, the free encyclopedia
An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor. In the event ...
- Unsecured Creditor Definition | Investopedia
An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because it will have nothing ...
- What is unsecured creditor? definition and meaning
Definition of unsecured creditor: Creditor who extended credit to a debtor without a collateral security. If the debtor files for bankruptcy or is levied upon, the ...
- What Every Unsecured Creditor Should Know ... - Kirkland & Ellis
Unsecured Creditor. Should Know About. Chapter 11. Contributing Editors: Prof. John D. Ayer. University of California at Davis; Chico, Calif. jdayer@ucdavis.
- Rights of Unsecured Creditors
An unsecured creditor who resorts to legal action must initiate a lawsuit in the appropriate court to seek payment of the amount owed him. Choosing the Court ...
- Unsecured Creditor - Financial Dictionary - The Free Dictionary
One who is owed an uncollateralized debt. That is, an unsecured creditor has no lien or collateral on the debt. An unsecured creditor has no right to repossess ...
- Bankruptcy Alphabet-G is for General Unsecured Creditor
Nov 9, 2011 ... Generally, there are two types of debt/creditors, secured and unsecured, but the unsecured category is broken down into two additional ...
- Ally listed as Suzuki's biggest unsecured creditor
Nov 7, 2012 ... Ally is Suzuki's biggest unsecured creditor, meaning the debt is not backed up by specific collateral such as a lien or a mortgage would be.