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What Debts Can Bankruptcy Eliminate: Examples of Unsecured Debt

Debt Free Colorado

What is Unsecured Debt? Unsecured debt is money you owe not tied to any specific asset. This means the lender can take no property, like a house or car if you do not pay. Instead, lenders rely on your promise to pay back the money. Unsecured debt can be stressful. In this case, you create a repayment plan.