2006-08-03 07:06:57 · 4 answers · asked by jmpoct03 1 in Business & Finance ➔ Renting & Real Estate
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 · answer #1 · answered by benninb 5 · 0⤊ 0⤋
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 · answer #2 · answered by Carlos C 1 · 0⤊ 0⤋
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 · answer #3 · answered by Scott 6 · 0⤊ 0⤋
Things like credit cards, automobiles. Things that you didn't have to put up collateral.
2006-08-03 14:22:50 · answer #4 · answered by Echo 1 · 0⤊ 0⤋