Unsecured debt is debt that is not secured by property. This means that if the debt is discharged in a bankruptcy case, there is no property for the creditor to take back or recover. The most common form of unsecured debt is credit card debt.
Unsecured debt is debt that is not secured by property. This means that if the debt is discharged in a bankruptcy case, there is no property for the creditor to take back or recover. The most common form of unsecured debt is credit card debt.
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