avoid bankruptcy

11th June 2018

Bankruptcy

Bankruptcy is a term used to describe a situation when a person or other legal entity like a limited company is unable to pay what they […]
11th June 2018

Debtor

A debtor is a person or company that owes money to another person or company. A company is therefore owed money by its debtors and the […]
11th June 2018

Unsecured Creditor

An unsecured creditor is a creditor that lends you money simply based on your promise to repay rather than requiring you to pledge collateral as security […]
11th June 2018

Secured Debt

A secured debt is one which the lender has hard collateral pledge to guarantee the loan in case of default by the borrower. For example, a […]