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Unsecured Creditor - Bankruptcy UK

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Unsecured Creditor

Strictly speaking, any creditor who does not hold security over assets. More commonly used to refer to any ordinary creditor who has no preferential rights, although, in fact, preferential creditors will almost always be unsecured anyway. In any event, the last in the queue to collect – examples of unsecured debt might be credit cards, loans, overdrafts, catalogues, etc.

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Bankruptcy UK

Bankruptcy UK