What is the difference between a secured and an unsecured creditor, and are there any other kinds of creditors?

Secured creditor: Has a registered, secured charge against the assets of the company. Examples are a mortgage or pledge of some kind. Unsecured creditor: Does not have a secured charge. Employees: Are a special class of unsecured creditors. Employees who have made claims for wages, salaries and/or other entitlements, once …

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