Unsecured creditor
Glossary
An unsecured creditor (ordinary creditor) has no legal or contractual security. They are paid only after privileged creditors and often receive little or nothing in bankruptcy.
Updated: 11/03/2026
The definitions presented in this section reflect the Belgian context, unless stated otherwise. The texts are intended to summarise the concepts in everyday language and should not be regarded as exhaustive or definitive. Suggestions or adjustments may always be sent to glossary@tcm.be.
Glossary
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