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4 answers

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

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