[Read: Wage Garnishment: What Is It and How Can It Impact Your Income?] On the other hand, if you think your debtor will have enough money to pay you in the future, you may want to sue and collect ...

Unsecured debt is typically tied to a debtor’s creditworthiness and isn’t backed by any collateral or asset. Unsecured debt is debt that is not backed by any asset or collateral. Borrowers of ...

Bankruptcy debtors have special rights in contracts or leases where both parties have outstanding obligations, known in legal terms as “executory contracts” or “unexpired leases”.