Astonishingly, the guarantee would cover all bank depositors and even protect unsecured claims against institutions.
If the brain is a computer, then the eye is an open port, an unsecured opening against hackers".
Instead, lenders typically receive an unsecured claim against the P2P platform, the value of which is set by reference to the performance of the associated loan.
Rodriguez, who used to play for the Rangers, holds the largest unsecured claim against the club -- $24.9 million in deferred compensation, according to documents.
Sophie Brookes says that high street banks lend up to £15,000 as unsecured (not against a house) loans, so long as your credit history is not too bad.
Gift cards rank as unsecured claims against Republic, and although holders can send their details to the administrators, the chances of a payout are virtually nonexistent.
According to Fitch, Enron's two largest pipelines, Northern Natural Gas and the Transwestern Pipeline Company, are worth about $1 billion more than the total of the secured and unsecured claims against them and the $1.5 billion that Dynegy invested.
The holders of these bonds will then find that what they thought were municipal bonds are nothing more than an unsecured claim against four tobacco companies.
The Company's inability to pay its secured creditor in full means that that the Company, with certainty, is unable to make any payments on the general unsecured claims against it.
As discussed above, over 71% in number and over 96% in amount of general unsecured claims voted against the Debtor's Plan.
As shown by the Plan Voting Report, 71.82% in number and 96.14% in amount of the general unsecured creditors voted against the Plan.
