Unsecured Creditor | Practical Law (2024)

Also known as general creditor and general unsecured creditor. A creditor holding an unsecured claim, or having no liens against a debtor's property. Unsecured creditors have no rights against specific property of the debtor. Also, they generally have no right to receive postpetition interest in a bankruptcy case. However, they do have several other rights, including the right to object to a DIP financing or sale of assets as an interested party in the case and the right to file an involuntary bankruptcy proceeding.

Unsecured Creditor | Practical Law (2024)
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