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An '''unsecured claim''' is a legal [[claim]] or [[debt]] for which a [[creditor]] holds no special assurance of payment, such as a [[mortgage]] or [[lien]]; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.
An '''unsecured claim''' is a legal [[claim]] or [[debt]] for which a [[creditor]] holds no special assurance of payment, such as a [[mortgage]] or [[lien]]; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay.
[[Category:Legal Terms]]
[[Category:Legal Terms]]
[[category:bankruptcy]]
[[Category:Bankruptcy]]