Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- adjective Not
secured ; notfastened ; notattached . - adjective Of a loan or guarantee, without
collateral .
Etymologies
from Wiktionary, Creative Commons Attribution/Share-Alike License
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Examples
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For the first time in American history and totally counter to all established laws of bankruptcy, secured creditors would receive less than nonsecured creditors ….
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There was no way he was going to stop in a nonsecured area to clean the car.
Vince Flynn Collectors’ Edition #2 Vince Flynn 2010
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There was no way he was going to stop in a nonsecured area to clean the car.
Vince Flynn Collectors’ Edition #2 Vince Flynn 2010
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There was no way he was going to stop in a nonsecured area to clean the car.
Vince Flynn Collectors’ Edition #2 Vince Flynn 2010
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There was no way he was going to stop in a nonsecured area to clean the car.
Vince Flynn Collectors’ Edition #2 Vince Flynn 2010
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Justice's Criminal Division chief James Robinson listened attentively, the sources say, and at the end of the session asked Lee's lawyers for a written submission to elaborate on why he transferred top-secret nuclear codes from a secured to a nonsecured computer at the Los Alamos lab.
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Justice's Criminal Division chief, James Robinson, listened attentively, the sources say, and at the end of the session asked Lee's lawyers for a written submission to elaborate on why he transferred top-secret nuclear codes from a secured to a nonsecured computer at the Los Alamos lab.
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Unlike the old law (BRA) which, as amended in 1984, allowed debtors to discharge nonsecured property settlement obligations to former spouses (think payouts for businesses, professional practices, or other assets distributed in a divorce), the new law forbids this.
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What's more, BAPCPA requires a debtor to reside in a state more than 40 months before he or she files for bankruptcy protection to take advantage of that state's exemptions; thus eliminating "forum shopping," where debtors moved to states like Florida or Texas just before filing bankruptcy petitions, in an effort to convert nonexempt property into an exempt homestead, wiping out their nonsecured debt in the process.
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Best idea: Insist on having your spouse pay old, nonsecured consumer debt, directly, from his--or her--share of money received from the sale of a house or distribution of other assets at the time of the divorce.
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