If you’re considering filing for bankruptcy, you’re going to hear the word “creditor” thrown around a lot. Generally, a creditor is anyone to whom you owe money, and this can include banks that hold your mortgage or car loans, credit card companies, and even your landlord if you’re behind on the rent.
In a bankruptcy filing, your creditors will be split into three groups, depending on the type of debt — priority, secured, and unsecured creditors — and their claims for repayment will be handled differently depending on the type of creditor and type of bankruptcy you’re filing. Here’s a look at unsecured creditors.
