It means bills such as hospital bills, magazines, and any other bills that can't be sold to help pay. In a chapter 13, you only pay 10% of unsecured debt
2006-08-03 07:14:19
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answer #1
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answered by benninb 5
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all personal debts that do not have any 'collateral'.
For example...In an Auto loan, the car is it's collateral. in a Mortgage Loan, the property used, and so on.
There could also be 'cash' collateral and some credit unions may have 'shares' as a collateral.
C.
2006-08-03 15:32:34
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answer #2
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answered by Carlos C 1
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it is debt that is not backed by personal or real property. as though you borrowed money from a friend and you just signed a note saying you owed him money...and didn't tie it to nothing else
2006-08-03 16:38:07
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answer #3
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answered by Scott 6
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Things like credit cards, automobiles. Things that you didn't have to put up collateral.
2006-08-03 14:22:50
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answer #4
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answered by Echo 1
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