Debt in Bankruptcy: Secured vs. Unsecured


When you file a bankruptcy case, you must list all of your assets and all of your debts. Your debts are classified and each class is treated similarly. Thus, it is important for debtors to understand the difference between secured and unsecured debt.

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Published In: Bankruptcy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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