• FreeAdvice has a new Terms of Service and Privacy Policy, effective May 25, 2018.
    By continuing to use this site, you are consenting to our Terms of Service and use of cookies.

What is a unsecured/secured claim

Accident - Bankruptcy - Criminal Law / DUI - Business - Consumer - Employment - Family - Immigration - Real Estate - Tax - Traffic - Wills   Please click a topic or scroll down for more.


Junior Member
What is the name of your state?al
I won a small clames suit against a business, one year later they flied for bankruptcy when i tried to collect, i need to know what the the difference between a secured and unsecured claim is. Thanks


Senior Member
A secured claim would be if you had a lien against their assets -- like a mortgage is secured by your house and the bank holds the mortgage lien. If you don't make payments, they can enforce the lien and take back the property.

Unsecured means there is no lien, no assets to guarantee the 'loan'.

Find the Right Lawyer for Your Legal Issue!

Fast, Free, and Confidential