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Unsecured Creditors

English translation: Definition

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Unsecured Creditors
Selected answer:Definition
Entered by: Rafaqat Dogar

22:47 Jan 17, 2005
English language (monolingual) [Non-PRO]
Law/Patents - Law: Contract(s)
English term or phrase: Unsecured Creditors
The committee of unsecured creditors
Rafaqat Dogar
United Kingdom
Local time: 15:38
Definition
Explanation:
Unsecured creditor: a creditor who has not been given security for the debt; a creditor who is not a secured creditor
Selected response from:

Kim Metzger
Mexico
Local time: 08:38
Grading comment
Thanks a lot
4 KudoZ points were awarded for this answer



SUMMARY OF ALL EXPLANATIONS PROVIDED
4 +3Definition
Kim Metzger
3unsecured creditors >>>
Maria Chmelarova


  

Answers


3 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +3
unsecured creditors
Definition


Explanation:
Unsecured creditor: a creditor who has not been given security for the debt; a creditor who is not a secured creditor


    Random House Dictionary of the Law
Kim Metzger
Mexico
Local time: 08:38
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 72
Grading comment
Thanks a lot

Peer comments on this answer (and responses from the answerer)
agree  Martine Brault
10 mins
agree  Anna Maria Augustine (X)
1 hr
agree  Charlesp
1 day 5 hrs
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1 hr   confidence: Answerer confidence 3/5Answerer confidence 3/5
unsecured creditors
unsecured creditors >>>


Explanation:
Unsecured creditor is a creditor without a lien.
A lien - mortgage, security, ( the security interest created by mortgage.)

Generally, there is a committe of unsecured creditors in a Chapter 11 case.
I hope it might help ypu somehow.


    Reference: http://www.bkstats.org/?dictionary
Maria Chmelarova
Local time: 10:38
Native speaker of: Slovak
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