Reviewed by Chip Stapleton Fact checked by Vikki Velasquez You can't use your 401(k) account as collateral for a loan.

A Delaware bankruptcy court allowed Three Arrows Capital to dramatically expand its claim against FTX, further complicating ...

In most chapter 11 cases, existing first lien lenders provide post-petition financing to preserve collateral value and maximize recovery. In ...

Michelle Lambright Black, Founder of CreditWriter.com and HerCreditMatters.com, is a leading credit expert and personal finance writer with nearly two decades of experience in the credit industry.

Backed by Kirkland & Ellis, Fortress Credit Corp. argued that Charles Cohen owed $28 million under a guaranty that went into ...

Hudson's Bay Company is nearly a billion dollars in debt, according to court filings that paint a dire portrait of the ...

Due to the lack of collateral, unsecured debt has a relatively ... For defaulting on an unsecured debt, a creditor may turn to a collection agency, a third-party group tasked with collecting ...

Antill, Samuel, Neng Wang, and Zhaoli Jiang. "Creditor-on-Creditor Violence and Secured Debt Dynamics." NBER Working Paper Series, No. 32823, August 2024.

A lien is a legal right, or claim, to your property acquired by a creditor. The purpose of a lien is to hold a property item — it doesn’t have to be a house — as collateral for a loan or debt.