- unsecured claim
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a claim or debt for which a creditor holds no special assurance of payment; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay (Glossary of Common Bankruptcy Terms)A pre-petition claim that is not a priority claim and is not a secured claim is an unsecured claim.The amount due a supplier for goods or services on an open account is an unsecured claim (except for the value of goods delivered to debtor within 20 days of petition date).also see claim (Bernstein's Dictionary of Bankruptcy Terminology)A claim or debt for which a creditor holds no special assurance of payment, such as a mortgage or lien; a debt for which credit was extended based solely upon the creditor's assessment of the debtor's future ability to pay. (BankruptcyAction.com)
United Glossary of Bankruptcy Terms 2012.
- unsecured claim
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see Claim, Unsecured
US Bankruptcy 2012.
Glossary of Bankruptcy.