Unsecured creditor

In today's world, Unsecured creditor has become a recurring and important topic in society. Whether due to its impact on daily life, its historical relevance or its influence on the development of new technologies, Unsecured creditor is a topic that continues to generate interest and debate. From ancient times to the present, Unsecured creditor has been the object of study and reflection, generating a wide range of opinions and approaches. In this article, we will explore various perspectives on Unsecured creditor, analyzing its importance and the impact it has had in different contexts. Through a detailed and exhaustive analysis, we will seek to better understand the relevance of Unsecured creditor in today's society and in history.

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An unsecured creditor is a creditor other than a preferential creditor that does not have the benefit of any security interests in the assets of the debtor.

In the event of the bankruptcy of the debtor, the unsecured creditors usually obtain a pari passu distribution out of the assets of the insolvent company on a liquidation in accordance with the size of their debt after the secured creditors have enforced their security and the preferential creditors have exhausted their claims.

Although in a liquidation the unsecured creditors will usually realize the smallest proportion of their claims, in some legal systems, unsecured creditors who are also indebted to the insolvent debtor can (and in some jurisdictions, must) set off the debts, putting the unsecured creditor with a matured liability to the debtor in a pre-preferential position.

See also

Footnotes

  1. ^ "Definition: unsecured creditor". Investopedia. Retrieved 29 June 2015.
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