What is unsecured debt?

Unsecured debt is debt that does not have collateral attached to it. For example, medical bills are an unsecured debt because if you do not pay the debt, there is nothing that they can take from you to pay off your balance. For what it is worth, we have had many clients worried about a dentist taking out their fillings if they claim bankruptcy. That just does not happen. If you are concerned about the impact of a bankruptcy on your unsecured debt, come in for a free consultation and we can walk you through it.