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Unsecured debt (debt with no collateral securing it) is divided into priority and non-priority classifications. Priority unsecured debt is debt without collateral securing it that the Bankruptcy Code has determined www united cash loans com be repaid in priority order, ahead of non-priority unsecured debt. Examples of this type of debt are child support payment deficiencies, recent tax debt, recent wages owed to former employees, and so forth.

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Payday Loans in Bankruptcy: Some Pitfalls.

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