claims Tag

22 Jan Secured, Priority and Unsecured Claims – what’s the difference?

Your bankruptcy lawyer will ask you to identify your creditors. Not all creditors are created equally. There are three types of creditors in bankruptcy: Secured creditors Priority creditors Unsecured creditors Secured creditors are those who have a lien or security interest in collateral. Examples of this include: Mortgage lenders Automobile finance companies Certain...

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