Unsecured claim

This is an old revision of this page, as edited by Chippeterson (talk | contribs) at 23:50, June 22, 2010. It may differ significantly from current revision.

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.