unsecured creditor
A lender or supplier who is owed money but does not have a lien on any of the assets of the company that owes the money.
Unsecured Creditor - An individual or institution that lends money without obtaining specified assets as collateral. This poses a higher risk to the creditor because they have nothing to fall back on should the borrower default on the loan.
unsecured creditor - one of two general types of creditors of a company. The unsecured creditors have no liens on the property of the company.
Unsecured Creditor. A creditor who does not have any security (collateral) for the debt he holds.
Waive. To voluntarily relinquish a right or privilege.
Unsecured creditor
A creditor that has loaned money with no security for the debt. In the event of insolvency, unsecured creditors will be paid after secured and preferential creditors and on an equal basis with other unsecured creditors.
Unsecured Creditor (in banking)
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If you are in chapter 13 bankruptcy can you file for a voluntary dismissal to refinance your house? Read answer...
An unsecured creditor.
Français: Créancier général
Español: Deudor general
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Person appointed by unsecured creditors in the United Kingdom to oversee the sale of an
insolvent firm's assets and the repayment of its debts.
Related Terms:
Acquisition of assets ...
a share in a company's profits via dividend payments or the capital appreciation of the security. Used in the context of general equities.) units of ownership of a public corporation with junior status to the claims of secured/unsecured creditors, ...
Shelters the property from certain unsecured creditors
Minimizes or postpones death taxes
Allows married persons to exempt a significant part of their assets from taxation and may postpone taxes after one spouse passes ...
This provision is intended to protect unsecured creditors. Under the U.S. Bankruptcy Code, the preference period for most creditors is 90 days prior the date of the debtor's petition filing.
Subordinated debt - If a company is liquidated (i.e. becomes insolvent ), the secured creditors are paid first. If any money is left, the unsecured creditors are then paid.
Person appointed by an unsecured creditor in the United Kingdom to oversee the sale of an insolvent firms assets and the repayment of its debts.
Liquidity ...
Loan stock holders are in the same place in the pecking order as other unsecured creditors if a company goes bust.
Loan stocks usually bear a fixed rate of interest.
See Also: Online share dealing service Stockmarket Centre ...
HOMESTEAD EXEMPTION - The amount of homestead protection from unsecured creditors-$50,000 for single pe...
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See also: Bank, Bankruptcy, Chapter 11, Chapter 7, Credit, Discharge in Bankruptcy, Loan, Mortgage, Unsecured Creditor, Writ of Seizure and Sale
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Absolute Priority
Adjustment Bond
Blanket Lien
Chapter 7
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In the event that a corporation is liquidated, the claims of secured and unsecured creditors and owners of bonds and preferred stock take precedence over the claims of those who own common stock.
Debenture: A loan or fixed interest term deposit usually ranked ahead of shareholders, sometimes secured ahead of unsecured creditors and debenture holders.
borrower of an unsecured loan files for bankruptcy, the unsecured lenders can only have a general claim on his or her assets and only after the specific promised assets have been allotted to the secured lenders. In addition, the unsecured creditors ...
Owners are entitled to vote on the selection of directors and other important matters as well as to receive dividends when they are declared. If a corporation is liquidated, the claims of secured and unsecured creditors, ...
After bankruptcy, the debtor is discharged and his unsecured creditors may not pursue further collection efforts against him.
They also give the holder a share in a company's profits via dividend payments or the capital appreciation of the security. Units of ownership of a public corporation with junior status to the claims of secured/unsecured creditors, ...
If no plan is approved by the creditors, the assets are sold; the proceeds are distributed among the unsecured creditors, and in the case of a personal bankruptcy, the person's remaining unpaid portions of those debts are forgiven.
But unsecured creditors, who have no hope of recovering their investment if the company is killed, ...
Units of ownership of a public corporation with junior status to the claims of secured/unsecured creditors, bondholders and preferred shareholders in the event of liquidation.
Common stock equivalent ...
Repayments under Chapter 13 can range from 1% to 100% of the amounts owed to unsecured creditors, based on the ability of the debtor to pay.
 See also: Banks, Expense, Values, Convertible Bond, Reorg
  
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