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In bankruptcy, most of a debtor’s assets will probably be used to repay unsecured debt True or False

In bankruptcy, most of a debtor’s assets will probably be used to repay unsecured debt True or False
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In bankruptcy, most of a debtor’s assets will probably be used to repay unsecured debt

True or False

User Ivan Gerasimenko
by
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1 Answer

6 votes
This is true. A person in debt could have everything from their home to vehicles to even boats and other possessions taken in order to make up for the money owed. 
User Brock Hensley
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7.5k points
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